META, AMAZON, AND LOTS OF TECH FIRMS WILL BE INDIRECTLY HARMED BY TARIFFS, TOO

Summary from the TLDR Marketing newsletter

Tariffs targeting Chinese imports won't hit digital goods directly, but they're already impacting digital advertising. Meta, Amazon, and Google are expected to lose ad revenue as Chinese advertisers retreat amid new 54% tariffs. Meta alone generates an estimated $10B from foreign advertisers targeting US users, much of it from China.