Apple loses $250 billion in market value as tariffs loom

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17 hours ago

Summary

trump's tariffs cause apple's market value to plummet, tech stocks take a hit, and investors shift money away from volatile assets.

Key Points

apple's shares fell as much as 8.5% due to trump's tariff spree
tech stocks dropped across the board, with tesla, nvidia, and meta down 6%
trump's tariffs affect all of apple's biggest suppliers and manufacturing hubs in asia
ceo tim cook will either have to hike up the cost for consumers or take the losses

Why It Matters

trump's tariffs have significant economic impacts, affecting tech stocks and global trade

Author

Rebecca Bellan

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