Big Tech basically took Trump’s unpredictable trade war lying down

December 29, 2025

TL;DR

The tech industry is struggling to anticipate the unpredictable nature of Donald Trump's trade war, which has continued through its first year with no clear end in sight for 2026.
Companies like Apple and Intel have been directly targeted or pressured by Trump's trade policies, leading to significant investments and controversial deals.
Chipmakers Nvidia and AMD have agreed to give portions of their revenue to the US from sales of advanced computer chips to China, a move experts find confusing.
A Supreme Court case could determine whether the International Emergency Economic Powers Act (IEEPA) grants the US president unilateral authority to impose tariffs, potentially costing the US up to $1 trillion in refunds if businesses prevail.
Future concerns include 'tariff stacking' on semiconductors and related products, which could lead to quadruple taxation and threaten US tech competitiveness.
Despite the disruption, many large tech companies have remained relatively quiet, possibly due to fear of impacting government contracts, while smaller businesses have been more vocal in opposing the tariffs.

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