"Hardware startups have less room for maneuver... Trump’s tariffs come after four-and-a-half tough years for the hardware industry, as the pandemic disrupted supply chains."
"Hardware companies have been through the wringer," said Nikhil Basu Trivedi, emphasizing the long-standing struggles in the sector, complicated further by pandemic fallout and shifting investments.
"This isn’t simple to fix because critical components for electronics are primarily produced in Asia and must be transported globally," said Jared Friedman, highlighting the logistical complexities hardware startups face.
"Investors warn that this could lead large numbers of founders to throw in the towel," underscoring the adverse impact of the proposed tariffs on startup viability.
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