Western Digital shares slide, hit by new 12.5% U.S. import tariffs

Western Digital and other semiconductor companies saw shares decline following new U.S. tariff announcements.

The government imposed new duties ranging from 10% to 12.5%. These tariffs apply to goods from approximately 60 trading partners. Targeted regions include China and the European Union.

Investors expressed concern regarding the impact on complex global technology supply chains. The new duties increase component costs for hardware manufacturers. These rising expenses threaten to squeeze profit margins and create sector-wide uncertainty.