US big tech caught by surprise by the magnitude of Trump's tariffs

AppleInsider
Apr 7, 2025, 7:26 am266 pts
Investment bank Morgan Stanley believes that the CEOs of US big tech were unprepared for how steep Trump's tariffs ended up being, and will now — probably unsuccessfully — try to persuade him to make changes. An Apple Store logo Morgan Stanley previously estimated that Apple will take a $33 billion hit to its…

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