Tech products international supply chains make them especially vulnerable to tariffs

When U.S. president Donald Trump announced a sweeping tariff policy in April 2020, stock markets plunged. Certain sectors were more affected than others, with large technology firms like Apple and NVIDIA among the biggest losers. “Sectors like tech that rely on international supply chains are going to be more heavily affected by tariffs,” Professor Sebastien Betermier told CBC News. Before an exemption for technology firms was announced, Apple appeared to be among the most vulnerable companies, with US tariffs affecting their ability to import finished products and Chinese counter-tariffs impacting their imports of the parts used to build those products.