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Google (GOOG) shares fell as the Nasdaq dropped 6% amid rising global trade tensions after President Trump's new tariffs on imports from China and Japan.

Alphabet may face challenges from U.S. tariffs, likely reducing spending on software and cloud services, and causing a drop in digital ad revenue amid a tough economy.

Recent tariffs on tech imports, including a 34% duty from China, may affect Alphabet's AI investments, causing delays in data center growth and AI adoption.

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About Alphabet Inc (Google) Class C

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.