Apple lost more than $ 250 billion in market value on Thursday, with shares of up to 8.5% as a result of President Donald Trump Rate Spree.
The iPhone manufacturer received one of the greatest successes on Wall Street, where technological actions fell when investors moved away the money from volatile assets. Tesla, Nvidia and Meta decreased by 6%, and Amazon’s shares fell 7.2%.
Trump announced radical tariffs on Wednesday afternoon of at least 10% in all areas, and even more for some countries (the Total Rate rate of China rose to 54%, that will enter into force on April 5. Wedbush values analysts said that tariffs are “worse than the worst case” for technological investors.
The White House insists that rates are not a negotiation tactic, but a need to boost national manufacturing. The president called them a movement to “free” the US economy.
The huge Trump tariffs in the products imported to the USA. Affect all the largest suppliers and manufacturing centers of Apple in Asia, from China to Taiwan, India to Vietnam, despite the efforts of the CEO Tim Cook to court the administration. That means that each iPone, iPad, Mac model and accessories that Apple sells will be affected.
Cook will choose to increase the cost for consumers or that Apple takes losses, eliminating tens of billions in potential profits.
