Headline: PwC’s Dallas Dolen digs into the financial impact the tech, media and telecom sectors could see in the wake of President Trump’s sweeping tariffs and weighs in on what companies might do to mitigate their effects.
Article: Before so-called “Liberation Day” on April 2, when President Trump announced sweeping tariffs, PwC issued an initial estimation that tariff costs for the technology, media and telecommunications (TMT) sector could rise from $13 billion to $139 billion. Now that much more is known about the size and scope of those tariffs, which include a 10% baseline tariff on all goods coming to the US and higher tariffs on products from specific countries and regions such as China and the European Union, those estimates are now expected to go even higher.
Date: April 9, 2025
Read Full Article: Lightreading.com