US tariffs: how Trump’s tax is hitting Big Tech and beyond
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Samsung earnings up on tariff panic.
The company’s early data suggests a “much smaller-than-feared 0.2 percent fall in first-quarter operating profit,” according to Reuters, likely driven by the stockpiling of memory chips by manufacturers ahead of Trump’s tariffs, with a related uptick in Galaxy S25 sales driven by panicked buyers in the US. Regardless, the quarter ahead looks grim so a reversal of Samsung’s dilemma is unlikely.
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