Kaya Yurieff / The Information: Source: President Trump plans to announce TikTok America, a company that is ~50% owned by US investors and 19.9% by ByteDance, which would license the algorithm  —  President Donald Trump plans to announce later on Wednesday his plan for a new company called TikTok America … Lees verder op Tech Meme

Kif Leswing / CNBC: Tech stocks fall in late trading after President Trump announced new tariffs: Amazon drops as much ~7%, Meta ~5%, Nvidia ~5%, Alphabet ~4%, and Microsoft ~3%  —  Apple slid more than 6% in late trading Wednesday and led a broader decline in tech stocks after President Donald Trump announced … Lees verder op Tech Meme

Tripp Mickle / New York Times: Apple shares drop 7%+ after hours following Trump’s announcement of new tariffs of 46% on Vietnam, 26% on India, and 34%, on top of the existing 20%, on China  —  The iPhone maker spent years trying to move production of some products out of China to avoid tariffs.  But now that may not matter. Lees verder op Tech Meme

Spencer Soper / Bloomberg: The White House says “de minimis” exemptions for packages under $800 from China and Hong Kong will end on May 2, affecting Temu, Shein, and other marketplaces  —  De minimis tariff exemptions, which currently allow packages worth as much as $800 from China and Hong Kong to enter the US duty free … Lees verder op Tech Meme