WS #10899
Trump threatens 100% tariff on imports from countries imposing digital services taxes on US companies, targeting European nations and risking a trade war that could impact tech stocks. Tech sector's share of S&P 500 hits record 39%, while Micron's gross margin surges to 86% driven by AI chip demand, but a technical analysis warns of a potential 30% correction led by Mag 7 reversal.
Trump Threatens 100% Tariff on Digital Services Tax Countries
Trump threatens 100% tariff on imports from countries imposing digital services taxes on US companies, targeting European nations and risking a trade war that could impact tech stocks.
Tech sector's share of S&P 500 hits record 39%, while Micron's gross margin surges to 86% driven by AI chip demand, but a technical analysis warns of a potential 30% correction led by Mag 7 reversal.