Meta, AMD, Apple, AT&T Among Biggest US Tech Giants That 'May Suffer The Most' As Tariffs Spark Trade Turmoil: Here's Why

Top U.S. technology multinationals, which have been the biggest beneficiaries of globalization, come to the fore as tariffs could heavily impact the cost of the goods sold by these firms.

What Happened: The data shared by Gina Martin Adams, the chief equity strategist and global director of equity strategy at Bloomberg Intelligence, shows the top tech companies in the U.S. that are likely to be impacted by tariffs announced by President Donald Trump on Wednesday.

These firms “may suffer the most as tariffs spark trade turmoil and threaten the long-expanding margin domination of American companies,” explains Adams.

The graphic shared by her shows that Mark Zuckerberg‘s Meta Platforms Inc. (NASDAQ:META) spends less than 10% of the total amount required for them to produce their products and services in the U.S., making it the most vulnerable to tariffs.

The top 10 firms also include Advanced Micro Devices Inc. (NASDAQ:AMD), Apple Inc. (NASDAQ:AAPL), and AT&T Inc. (NYSE:T).

Adams says that these firms could face more challenges in the wake of retaliation by other countries, further influencing the global supply chain. “White House tariffs may only be the start, as retaliations further strain global supply chains,” she adds.

US multinationals, arguably ...

https://www.benzinga.com/25/04/44622677/meta-amd-apple-att-among-biggest-us-tech-multinationals-that-may-suffer-the-most-as-tariffs-spark-trade-turmoil-h