European tech warns Trump tariffs will hit both hardware and software

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The story "European tech warns Trump tariffs will hit both hardware and software" was covered 1 days ago by The Next Web, a news publisher based in Netherlands.

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The Next Web 1d ago

European tech warns Trump tariffs will hit both hardware and software - The Next Web

Quick Summary:

Europe’s tech industry is bracing for impact after the Trump administration announced sweeping tariffs yesterday.

The US slapped a 20% tariff on imports from the EU — twice the rate for the UK.

Switzerland fared even worse, receiving a hefty 32% levy. Several European tech firms, investors, and analysts told TNW that the measures could disrupt supply chains, force pricing adjustments, and stem the flow of transatlantic VC capital — plunging European tech companies big and small into uncertainty.