Tariff economic armageddon crushing tech: iPhone prices could triple, AI progress slow

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“TARIFF ECONOMIC ARMAGEDDON CRUSHING TECH: WEDBUSH

🔸 iPhones may rise from $1,000 to $3,500, slowing AI progress.

🔸 U.S. consumers will face higher tech prices.

🔸 Tariffs may cut tech earnings 15%, disrupt supply chains, and cause recession or stagflation.

🔸 Tech stocks face worst crisis in 25 years due to Trump tariffs in last 36 hours.

🔸 Reciprocal tariffs aim to match U.S. trade surplus, supported by auto, industrial, tech leaders.

🔸 Unlike 1980s, tariffs now hit tech trade, AI revolution, and global industry hard.

🔸 Silicon Valley relies on Asian supply chains for chips, hardware, components since 1990s.

🔸 40 years of global trade gave U.S. cheap tech; now 50% China, 32% Taiwan tariffs raise costs 40%–50%.

🔸 U.S. manufacturing takes 4–5 years to build, but labor costs are high, workforce unprepared.”