Apple lost a large value of $ 300 billion in trading within Thursday trading as afraid that President Trump’s reciprocal tariffs would hammer supply chains arouse market bleeding.
The shares of the iPhone manufacturer were immersed at nearly 9% while Trump revealed the heaviest taxes-thnhan-priti in international trade partners.
This included a tariff rate of 54% at the best imported from China, where Apple makes the largest part of its equipment, as well as a 26% rate for India and 46% for Vietnam – two of its main production centers.
Apple is on the right track for its worst one-day losses since September 2020, according to CNBC. It remains the most valuable company in the world, with an estimate of more than $ 3 trillion.
The losses come despite the long -term effort of CEO Tim Cook to cultivate close to Trump, involving the participation of his inauguration in January.
In February, Apple pledged $ 500 billion to the US economy and said it would add 20,000 jobs as part of an attempt to deceive Trump.
Some officials have assumed that Apple may take an exemption from the tariffs, but so far, Trump has not announced a decision.
Other “wonderful 7” mega-chapter companies also suffered on the broad market path. Amazon’s shares dropped nearly 8%, wiping more than $ 163 billion in market value.
Chip supplier that Nvidia fell 5%, or the equivalent of about $ 140 billion from its rating.
Mark Zuckerberg’s Meta plunged more than 7%, while Google’s parent alphabet lost 3%and Microsoft lost 2%. Elon Musk’s Tesla continued her latest decline by a 5%drop.
Trump and his allies say reciprocal tariffs are needed to re -establish unfair international trade agreements and encourage more companies to make their products in the US
However, fees announced this week were “worse than the worst case for tariffs” and “Baffling for Tech”, according to analyst Wedbush Dan Ves.
“Technology shares will be clearly under pressure on this notice as works to search, supply chains, and especially the part of China/Taiwan tariffs,” Iva said in a note to clients.
“Apple essentially produces all of their iPhone in China and the question will be about exceptions/exemptions from this tariff policy,” he added.
The Nasdaq Nasdaq Index was plunged with more than 800 points or nearly 5% in early trading on Thursday. Wide -based S&P 500 was reduced more than 200 points or nearly 4% and Dow Jones’s industrial average fell 1.565 points or nearly 4%.
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