U.S. Imposes New Tariffs on Chinese Imports: Tech Stocks React

The U.S. has announced new tariffs up to 245% on Chinese imports, targeting electronics and semiconductors. This escalation in trade tensions is expected to disrupt global supply chains, especially in the tech industry.

Nvidia and ASML are among the companies already facing stock declines due to the tariffs, which may lead to higher costs for consumers. In response, China has halted exports of rare earth metals, crucial for tech production, adding to the uncertainty in the market.

These trade barriers are likely to affect businesses and investors globally, particularly those in the technology sector.