President Trump’s new tariffs on dozens of countries are shaking global markets and hurting major companies like Apple, Amazon, and carmakers by raising costs and causing delays. Apple expects to pay $1.1 billion in tariffs this quarter, and Ford estimates $2 billion for the year. The tariffs aim to fix trade imbalances but are disrupting supply chains, slowing product launches, and raising prices. Job growth is also slowing, and experts warn the economy could suffer more if costs are passed to consumers. Some believe the pressure will speed up the use of AI as companies look to cut costs. This and more on the Tech Field Day News Rundown with host Alastair Cooke and guest host Jeffrey Powers.
Time Stamps:
Guest:
Jeffrey Powers, Build Day Live and Geekazine
Follow our hosts Tom Hollingsworth, Alastair Cooke, and Stephen Foskett.
Follow Tech Field Day on LinkedIn, on X/Twitter, on Bluesky, and on Mastodon.