Let's go a little technology here.
You think about some of the big tech names and how are they going to deal in a world where tariffs are going to be higher on a global scale?
You think about some of these big tech firms and they sell their hardware and software and services everywhere.
So they are truly global.
Anarok Rana joins us.
Bloomberg intelligence, technology, Anos.
What's the tech call in a higher tariff world on the road?
It's so bad right now.
I mean, look at Apple.
I mean, it's really surprising that they changed, you know, they racked up so much on China.
Now that's going to have a massive impact on Apple.
Most of the products are made there.
You know, you can cut it and slice it in any way.
They cannot offset the margin risk.
The iPhone sales are going to be dramatically impacted in the second half most likely.
You know, it's going to be, we'll see how China reacts to this.
China accounts for 20% of sales for Apple.
So the local population, you know, let's see if they're going to go with local brands.
I mean, it's just a big mess for Apple frankly at this point.
But when we look at the other vendors, when you look at the software companies,