Trump's Tariff War Could Take US Tech Industry 'Back A Decade While China Steam Rolls Ahead'

Quick Summary:

"We assume tariff negotiations start now otherwise dark days are ahead for tech…and US consumers pay the price for this..not a debate," Ives wrote.

Global financial markets have tumbled and all major U.S.indexes were deeply red for a second day amid the escalating trade war with the SPDR S&P 500 ETF Trust SPY down 2.83% and the Invesco QQQ Trust QQQ down 2.99% in early trading.

The Wedbush analyst closed the note with a glimmer of hope that negotiations may be able to stop the "self-inflicted debacle of epic proportions" of the current tariff environment.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Erica Kollmann

Category: Technology

Markets: United StatesChina

Topics: SPY Politics Tariffs Markets Donald Trump US78462F1030 News US73935A1043 Global Dan Ives Benzinga QQQ Futures Tech Analyst Color

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-04 @ 15:13:46 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 436 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27586939

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 7 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions