Apple loses $ 250b market value as Tank Tech Stocks Tariffs

Apple lost over $ 250 billion market value on Thursday, with shares reducing to 8.5% as a result of President Donald Trump’s tariffS

The iPhone manufacturer took one of Wall Street’s biggest hits, where technological shares dropped as investors replaced the money from variable assets. Tesla, Nvidia and Meta dropped by 6%and Amazon’s shares fell by 7.2%.

Trump presented extensive tariffs on Wednesday afternoon at least 10% across the board and even higher for some countries – China’s total tariff rate increased to 54% – which will come into force on April 5. Wedbush Securities analysts have said the tariffs are “wider than the highest scenario” for technology investors.

The White House insists that tariffs are not tactics of negotiation, but a necessity to increase domestic production. The president called them a move to “release” the US economy.

Trump’s huge imported goods tariffs to the US are affected by all the largest suppliers of Apple and production centers in Asia, from China to Taiwan, India to Vietnam, despite the efforts of CEO Tim Cook to sue the administration. This means that every model of the iPhone, iPad, Mac and accessory that Apple sells will be influenced.

Cook will choose to increase consumer costs, or Apple to absorb the losses, deleting tens of billions of potential profits.