Why The AI Industry Is Largely Unmoved By Trump's Tariff Threats
Briefly

President Trump has proposed a 25% tariff on semiconductors, causing tech stock prices like NVIDIA and AMD to dip. While some in the industry express concerns, many insiders view the tariffs as fleeting, integrating them into a volatile market landscape. Executives, like Scott Almassy from PwC, downplay the tariffs' significance, labeling them as minor disruptions. Companies are strategizing to mitigate costs before the tariffs kick in. Moreover, historical evidence suggests that such tariffs typically lead to increased prices for consumers, reflecting the intricate relationship between tariffs and market dynamics.
Tariffs are more of a blip as opposed to a strong headwind, says Scott Almassy, semiconductor lead at PwC.
No one's really changing what they're doing because it's just too much guesswork, says Nazar Khan, the COO and CTO of Terawulf.
As economists have pointed out, the cost of tariffs is often passed directly to the end consumer.
100% of the tax was passed forward to the American buyer, says Mary Lovely, a senior fellow at the Peterson Institute.
Read at time.com
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