The Trump administration is preparing to exempt Amazon, Google, and Microsoft from the next wave of semiconductor tariffs. The practical effect: hyperscalers building AI infrastructure get a cost advantage over everyone else. Policy as competitive moat.
Big Tech Tariff Pass
February 12, 2026
The Trump administration is preparing to exempt Amazon, Google, and Microsoft from the next wave of semiconductor tariffs. The practical effect: hyperscalers building AI infrastructure get a cost advantage over everyone else. Policy as competitive moat.