Meta could take a $7 billion hit this year because of Trump's tough China tariffs
1. Meta could see a $7 billion ad revenue decline due to China tariffs. 2. Chinese retailers Temu and Shien may cut ad spend on Meta platforms. 3. In 2024, China contributed $18.35 billion, over 11% of Meta's sales. 4. Ad revenue could drop by $23 billion in a prolonged recession. 5. MoffettNathanson maintains a Buy rating but lowers target price to $525.