Welcome to the Tech meme right home for Thursday, April 3rd, 2025. I'm Brian McCullough today.

Well, we got to talk about this tariff thing because the early indications are this could impact almost every nook and cranny of the tech industry.

Could we get an announcement about TikTok within days?

I think I figured out why CoreWeave's stock popped back up and how Nintendo plans to fight

the scalpers.

Here's what you miss today in the world of tech.

You all know I try to keep politics out of this show as much as possible, but the obvious

exception is when politics affects the tech industry in a meaningful way. So take as read

that I don't have a personal opinion on whether these tariffs are good or bad policy,

but I can tell you at the time of this writing, Apple stock opened down nearly 8%, Amazon opened

down 6%, meta down 6.5%, Alphabet

down 3.3%, Microsoft down 2.2%, Nvidia, down 5%. Now, obviously, by the time you hear these words,

all these stocks could have come roaring back, but let me just read some headlines for you. The U.S. announced a 34%

reciprocal tariff hike on China taking effect from April 9th. Economists say the average U.S.

tariff on Chinese products is now at least 65%. Tons of gadgets get imported from China, right? So lots of companies have been trying to

diversify away from China for that reason. But President Trump announced a 46% tariff on goods from

Vietnam and 26% on goods from India. So that alone could account for the Apple weaknesses.

That was where they had been going to try to diversify away from

China. The White House said de minimis tariff exemptions for up to $800 packages from China and

Hong Kong will end on May 2nd. So once again, whether Temu and Sheehan, and if you think

crypto is immune from this, well, according to Bloomberg, even though many of the largest

Bitcoin miners are based in the U.S., the supply chain for mining equipment is rooted in Asia.

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