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News in English (USA) / 03.04.2025 / 20:00

Trump Tariffs Trigger Major Market Declines for Tech Giants, Especially Apple

The recent announcement of new tariffs by former President Trump has sent shockwaves through the U.S. stock market, significantly impacting major tech companies, particularly Apple. The tech giant has experienced a staggering loss of $250 billion to $300 billion in market value, leading to its largest stock drop in five years. Analysts have warned that these tariffs could lead to drastic price increases for products like the iPhone, potentially raising its cost to $2,300. As the tech and retail sectors brace for the fallout, Apple shares have dropped nearly 9%, alongside other major players such as Amazon and Nvidia, in what is being described as a market meltdown. The implications of these tariffs pose hard choices for Apple and its supply chain, which heavily relies on production in countries like China, India, and Vietnam. Experts predict a reshaping of the U.S. tech industry as companies grapple with rising costs and operational challenges due to these trade policies.
Financial Times, NBC News, Reuters, BBC, CNBC, "Barrons", Forbes, The Economic Times, WSJ, Bloomberg.com