POLITICO Tech Trump’s tariffs are threatening California’s cash cow
4 snips
Mar 7, 2025 Chase DiFeliciantonio, a POLITICO reporter focused on AI and automation policy, discusses the unsettling effects of President Trump's tariffs on California's tech industry. The conversation highlights the anxiety among lawmakers and economists as tech giants like Apple face potential disruptions, impacting stock prices and state budgets. The guest also explores the implications for consumer prices and the urgent need for semiconductor manufacturing, along with the evolving political landscape shaped by these trade policies.
AI Snips
Chapters
Transcript
Episode notes
Tariffs Hit California Tech Value
- Trump's tariffs caused big tech companies in California to lose value on the stock market immediately.
- This directly worries lawmakers due to the strong tie between tech's performance and California's budget.
Complex Supply Chain Tariff Impact
- Tariffs on China particularly affect big tech companies in California due to complex supply chains.
- Specialized tech products face multiple tariffs across borders, impacting the entire supply chain.
Long-Term Risks of Tariffs
- Longer tariffs increase the risk of economic pain for California's tech sector and state budget.
- The extent beyond big companies affecting smaller industry levels is uncertain and harder to predict.