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Trumps idiotic tariffs could set U. S. tech industry back a decade as China takes lead, says Dan Ives
Published Fri, Apr 4 202510:26 AM EDT
Hakyung Kim
@in/hakyungkim/
@hakyungkim_

While the stock market has weathered crisis moments before, what stands out about the latest round of retaliatory tariffs is the self-destruction that could set the U. S. behind in the artificial intelligence race, according to Wedbush analyst Dan Ives. The concept of taking the U. S. back to the 1980s manufacturing days with these tariffs is a bad science experiment that in the process will cause an economic Armageddon in our view and crush the tech
trade, AI Revolution theme and overall industry in the process, Ives wrote in
a client note on Friday. The levies imposed by the Trump administration on
some of the most-relied upon regions for tech supply chains 50% tariffs on China, 32% tariffs on imports from Taiwan and 46% duties on Vietnam could close a shut-off valve for the U. S. tech industry, according to Ives.
IPhones made in the U. S. versus their current manufacturing locations across China, Vietnam and India, would cost $3,500 versus $1,000, Ives said. Broader electronic prices will spike between 40% to 50% for consumers, he added. The economic pain that will be brought by these tariffs are hard to describe and can essentially take the U. S. tech industry back a decade in the process
while China steamrolls ahead, said Ives. The AI Revolution trade would be significantly slowed down by these head scratching tariffs that NEED to be negotiated to realistic levels. Ives noted that near-term pain may extend
much longer due to the time required to build manufacturing sites in the U.
S. , as well as to transition the workforce with the necessary skills. The
cost of labor is unrealistic in the U. S. to ever have semi fabs at scale,
said Ives, referring to semiconductor fabrication plants. Tariffs at their current level could depress tech earnings by at least 15% he thinks. We
assume tariff negotiations start now otherwise dark days are ahead for
tech... And U. S. consumers pay the price for this... Not a debate.



https://archive.ph/67RTj#selection-2093.1-2138.1

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