US analysts: The tariff war will set back the US technology industry by a decade
US Analyst: Tariff War Will Set Back US Technology Industry by a Decade
via cnBeta.COM Chinese Industry News Site - Telegram Channel
Telegraph
US Analyst: Tariff War Will Set Back US Technology Industry by a DecadeUS Analyst: Tariff War Will Set Back US Technology Industry by a DecadeSince the US "Liberation Day" suddenly announced tax increases last week and China introduced 34% reciprocal countermeasures, technology stocks on both sides of the Pacific have been severely hit. As Trump threatens further retaliation, China vows to "fight to the end." This uncertainty has put pressure on investors and business leaders in both countries and has already caused lasting damage to the industry's development ambitions. However, if we compare the situation of Apple, the US technology company with the highest market value, with that of Chinese giant Tencent, the difference in fate is obvious. Although Tencent's share price has also been dragged down by the market, due to its main focus on the domestic market, Tencent is basically immune from the worst effects of the trade conflict. Analysts at Bloomberg Industry Research pointed out that the profit prospects of Tencent and other Chinese Internet companies generally remain stable. In contrast...
