Technology companies were one of the most stringent hits in the original reaction in the market, and the contracts tracked Nasdaq decreased by 4 percent. Apple, which is heavily exposed to the additional tariff in China, saw that its shares were falling by 7 percent and Amazon fell by 6 percent.
A Escalation of Trump’s global trade war It is a significant risk for technological supplies, after the top executives spent months, taking care of the president, seeking to mitigate or get release from a policy that can get into their lower line.
Technical companies were not the only ones who suffered on Wednesday. The actions in large retailers and consumer brands also sank after Trump’s announcement, and Walmart decreased by 7 percent. The goal fell more than 5 percent, and the Nike sportswear group reached 7 percent per hour.
A 10 percent universal tariff In all countries, it will be used from the north of east time on April 5, while higher “mutual” tariffs that extend to several geographies including the EU, China, the United Kingdom, Japan and South Korea must come into force on the north to eastern April 9.
Wedbush analyst Daniel Jus wrote that Spree of New Tariffs was “worse for the worst” that is afraid of markets. “Technical actions will obviously undergo serious pressure on this ad (more) concern for the destruction of demand, the supply chains, and especially in China and Taiwan tariffs.”
The head of a large technology campaign said the operation was currently similar to a “attempt to hit the goal”. “I am more worried that it will destroy the US economy” than any set of tariffs, the man said.
Apple He refused to comment whether there was a prospect for it to secure the allocation from the new tariffs, as it could be done during Trump’s first term. The White House press secretary confirmed that the executive order of the President had no Apple release.
Tim Cook, Apple Executive Director, goes through the geopolitical rope, and the supplies networks are tightly tied to China, where similar foxconn expose millions of iPhones each year. A Expenditure plan for $ 500 billion The announced in February was considered an attempt to place Trump.
Apple departs about 50 mn iPhones in the US each year, and the vast majority in China. The iPhone remains the company’s flagship product and is more than half of its total income, and its Mac, iPad, worn and rapidly developing services that make up the rest.
Trump announced that he would impose a “mutual” 34 percent tariff for Chinese imports – except for a 20 percent tariff, which he had already imposed – as well as 26 percent on India and 46 percent in Vietnam, where Apple also produces.
A one -sided step that affects attempts to diversify Its production base elsewhere.
Amazon has similarly participated in a recent Woo Trump company, confronted with Ire president during its first term. Jeff Bezos, the founder of the Jeff Bezos, has been present at the Trump Ceremony and has lunch with him several times in recent months.
According to Morgan Stanley analysts, the Seattle -based conglomerate depends on Chinese imports to make its warehouses, and about a quarter of the cost of retail is related to China.
Meanwhile, Nvidia’s shares were shed more than 5 percent outside, despite the White House, which specified that the semiconductors are still released from the mutual regime.
Gig-giant relies on Taiwan Semiconductor Manufacturing CO to produce its advanced artificial intelligence chips, the sales of which have forced the company to highly rally over the past two years.
Nvidia, headed by Jensen Juan, has similarly promised hundreds of billion, the US costs over the next four years in an An Interview with Financial Times Last month he refused to comment.
TSMC shares decreased by approximately 6 percent per hour. Recently, the company has pledged to invest an additional $ 100 billion in chip production in the US.
Meta stocks, meanwhile, declined about 5 percent. He previously warned that his advertising income in China could be reached in case of increased trade dispute.
Trump also confirmed that 25 percent tariffs would be imposed Cars and details of foreign manufacturers At midnight, hitting all American manufacturers.
Tesla shares decreased by 8 percent per hour, when investors are worried about the impact on its global supply chain, as well as the prospect of retaliation for the world’s largest manufacturer.
Last month Tesla prevent That the cost of car production will increase because “certain parts and components are difficult or impossible in the US”, and American vehicles will become less competitive abroad.
The actual miscalculation in the White House said that cars and details of cars are already subject to tariffs, copper and “certain minerals that are inaccessible to the United States” will be released without providing more details.
Daniel Newman, CEO of Futurum Group, called Trump’s step as “Rip The Band-Aid-Off” for technological investors who were trembling for weeks.
“You are watching the market reacting and you are going: the whole world is mostly dependent on what we have this very affordable economy,” he said.
For retail sellers, the promotions came despite many years of efforts to diversify their supply networks after Trump in the first term posted heavy import tariffs from China. Suppliers in Home Depot, the largest home improvement network, moved to production in Southeast Asia, Mexico and the USA, Chief Executive Director Ted Deker said last month.
The purpose was moving the production of clothing from China and increasingly to Central America, such as Guatemala and Honduras, said Chief Commercial Director Rick Gomez last month. On Wednesday, Trump hit Guatemala and Honduras with 10 percent tariffs.
The goal refused to comment.
“These recently announced tariffs and expected tariffs for retaliation in the US business-rapping are destabilizing the US economy, undermining the goals of strengthening home-made and growth,” said Michael Hanson, Senior Executive Vice-President of the Retail Leaders Association.
The new tariffs caused an immediate impetus for special facilitation. The Consumer Brands Association, whose members include PEPSICO, Mondelez and Kraft Heinz.
“We urge President Trump and his trade advisers to clarify their approach and release key ingredients and materials to protect production jobs and prevent unnecessary inflation in the grocery store,” the association said.
Additional Reif Uddin, Khan Murphy and Alex Rogers
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2025-04-03 01:17:00
