Bloomberg Tech Tariffs Weigh on Amazon and Apple, Increasing US Energy for the AI Arms Race
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May 2, 2025 Chris Wright, former US Energy Secretary under Trump, dives into the administration's plans to boost electricity output to fuel AI development. He discusses the implications of energy policy on manufacturing and addresses the challenges and opportunities posed by technological shifts. The conversation also covers how tariffs are currently impacting giants like Amazon and Apple, with Wright highlighting the intricate relationship between energy and tech innovation in driving economic growth.
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Apple's Tariff Headwinds
- Apple faces significant tariff impacts equating to a $900 million hit this period.
- The company's growth concerns remain, with tariffs exacerbating uncertainty about future expansion.
Apple's Supply Chain Shift
- Apple strategically shifts supply chains from China to India to mitigate tariff challenges.
- This flexibility is crucial for maintaining production and managing cost pressures.
Amazon's Resilience in Tariffs
- Amazon is navigating supply chain uncertainties but benefits from diverse seller exposure.
- Sellers unaffected by China tariffs will attract buyers, sustaining Amazon's market share and ad revenue.