Big tech companies got at least a brief reprieve from the Trump administration’s latest tariffs. But WSJ personal tech columnist Nicole Nguyen explains how small tech companies and their customers could feel the squeeze. Plus, IBM has re-upped its commitment to U.S.-based manufacturing and development. Katie Deighton speaks with WSJ Heard on the Street columnist Asa Fitch about the economic challenges to IBM’s ambitions in AI. Victoria Craig hosts.


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