Apple Loses $250 Billion Market Value as Trump’s Tariffs Shake Tech Stocks
Apple shares plummet 8.5% as Trump’s sweeping tariffs hit tech stocks, causing a $250 billion market value loss.
Matilda
Apple Loses $250 Billion Market Value as Trump’s Tariffs Shake Tech Stocks
Apple just experienced one of its worst trading days, losing over $250 billion in market value as Trump’s latest round of tariffs sent tech stocks into freefall. The iPhone maker’s shares dropped as much as 8.5%, with investors fleeing volatile assets. Other tech giants weren’t spared either—Tesla, Nvidia, and Meta saw declines of around 6%, while Amazon tumbled by 7.2%. Image:Google The Impact of Trump’s Tariffs on Apple and the Tech Sector President Donald Trump announced sweeping tariffs that will take effect on April 5, imposing at least a 10% increase across the board, with some countries—like China—seeing their total tariff rate spike to 54%. According to Wedbush Securities, this is “worse than a worst-case scenario” for tech investors. The White House argues that these tariffs are necessary to promote domestic manufacturing, with Trump calling it a move to “liberate” the American economy. For Apple, which relies heavily on its supply chain in China, Taiwan, India, and Vietnam, this…
