Trump's Tariffs to Set Back US Tech Sector by 10 Years, Wedbush Says

MT Newswires Live04-07

US President Donald Trump's tariff policy will set back the country's technology sector by a decade "if it stays," Wedbush Securities said in a Monday note.

According to Wedbush, Trump's tariffs are "essentially ripping up a global supply chain overnight with no alternative," potentially slowing growth, hampering capex plans, and damaging companies and consumers globally.

"We reiterate it takes years to build a manufacturing facility in the US, the core IP is in the supply chain in Asia, and the current US labor force/cost structure makes this a costly and Everest-like uphill climb," the investment firm added.

Wedbush said most tech companies, such as Apple (AAPL), are unlikely to issue Q1 projections over the next month amid uncertainties, while Palo Alto Networks (PANW), Zscaler (ZS), CrowdStrike Holdings (CRWD), Check Point Software Technologies (CHKP), and CyberArk Software (CYBR) are likely to outperform other subsets of the tech sector.

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