Tariffs Threaten US Tech Innovation, CEOs Warn

President Trump's recent imposition of tariffs—20% on goods from the European Union, 34% on China, and 26% on India—has raised significant concerns among Silicon Valley CEOs and industry leaders. Aaron Levie, CEO of Box, noted that there is apprehension regarding the potential stifling of American innovation due to these tariffs, which could disrupt global supply chains. ASML Holding, a key player in chip manufacturing technology, saw its stock drop to a 52-week low amid fears that geopolitical tensions and tariffs could hinder innovation and collaboration within the industry. Both ASML's CEO and Finnish Chamber of Commerce's Juho Romakkaniemi warned that these tariffs could initiate a retaliatory cycle that would harm long-term global economic growth. The introduction of such aggressive protectionist measures is expected to strain international trade relations and complicate investment planning across various markets. EU leaders are contemplating countermeasures in response to these tariffs, emphasizing the need for open global trade policies.