Squawk on the Street
Tariffs Latest: Key Headlines and What It Means For Big Tech… Plus: FTC VS. Meta & A Big Banks Breakdown 04/14/25
Apr 14, 2025
Jim O'Neill, former U.K. Treasury Minister and ex-Chairman of Goldman Sachs Asset Management, teams up with Roger Altman, Evercore founder and ex-deputy Treasury secretary, to dissect current economic trends. They discuss unfolding tariff exemptions on electronics and their repercussions for major tech players like Apple and NVIDIA. The duo also delves into Meta’s antitrust battle and its implications for Big Tech, while analyzing the precarious state of the dollar and banking sector amid looming recession fears.
42:43
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Quick takeaways
- Recent tariff exemptions on electronics have notably benefited tech giants like Apple and Nvidia, easing supply chain pressures and boosting stock prices.
- Concerns over the U.S. dollar's dominance and fluctuating tariff policies are causing corporate leaders to adopt a cautious investment approach amid economic uncertainties.
Deep dives
Impact of Tariff Exemptions on Tech Stocks
Recent exemptions on electronics tariffs have significantly influenced tech stocks, particularly benefiting companies like Apple, Dell, and Nvidia, which saw gains of over 4%. These exemptions allow manufacturers to avoid a 125% tariff, thus alleviating some pressure on their supply chains. For instance, Apple has shifted a considerable portion of its production to India, now producing one in five iPhones there, which was made easier by these new tariff regulations. Analysts assert that these developments are favorable for the tech sector as they can potentially mitigate costs and maintain competitive pricing.
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