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Yahoo CEO Jim Lanzone says Trump’s tariffs hit its advertising business

semafor.com·Apr 14, 2026

Jim Lanzone, CEO of Yahoo, reported that the Trump administration's 2025 tariffs negatively affected the company's advertising business, particularly in the automotive and consumer goods sectors. However, he noted that the overall digital ad market continues to grow and remains resilient, with opportunities for innovation through artificial intelligence in brand advertising.

The key insight for you is that despite the challenges posed by tariffs, particularly affecting sectors like automotive and consumer goods, the digital ad market demonstrated resilience with double-digit growth. This suggests that sectors relying on performance-based advertising, such as search ads, are more insulated from geopolitical and trade disruptions, providing a potential strategic focus for businesses navigating similar economic pressures.

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