Reshoring in the U.S.:
Impact of Trump's tariff policy
on tech companies

The recent imposition of 25% tariffs on steel and aluminum by the U.S. has reignited the trade policy debate. Since 2018, Trump has pushed for reshoring with tariffs on China, a trend further accelerated by the pandemic, which exposed the fragility of global supply chains. Now, in his new administration, he proposes tariffs of up to 60% on China and a general 10% on imports to incentivize domestic production.

In this context, it is crucial to examine the repercussions of this policy and evaluate its impact on the global economy and leading tech companies.

How could this affect companies and the market?

Trump's tariff policies will have an uneven impact on companies, ultimately impacting the stock market. Companies that rely on imports may face higher costs and a loss of competitiveness. For example, Apple relies on Chinese assembly for its products, which could lead to increased costs. In response, the company announced a $500 billion investment to build a new assembly plant in Houston.

In contrast, companies with a strong U.S. manufacturing presence, such as Intel and Tesla, could benefit from tariff policies and government incentives aimed at strengthening local production.

On the other hand, for Nvidia and Broadcom, tariffs would primarily affect their exports to China. Although neither company heavily relies on China for production, the country represents a key market for their products. Approximately 17% of Nvidia's revenue and 20% of Broadcom's revenue come from China, meaning that export tariffs could significantly reduce their profits.


image


The Numa Americas Corp. team closely tracks the performance of leading companies, analyzing financial, regulatory, and geopolitical risks to anticipate market movements.

Back to Blogs
logo
  • icon Miami: 1200 Brickell Ave . No. 1950 Miami, FL 33130.
  • icon New York: 14 Wall St. 20th Floor, New York City, NY, 10005

Numa, Numa Defender and Numa Shield are federally registered trademark owned by Numa Americas Corp. Numa Americas Corp also claims trademark rights in the following: Numa Nyx, Numa Lachesis, Numa Moirai. Any unauthorized use is expressly prohibited.