Apple leads a decrease in technology shares after the Trump tariff announcement

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Apple CEO Tim Cook, the center, is monitored during the opening ceremony of President Donald Trump, right, and Vice President JD Vance, to the left, in Rotonda, Capitol, Washington, January 20, 2025.

Sean Z AFP | Gety pictures

apple More than 6 % slipped in the late trading on Wednesday and led a wider decrease in technology shares yet President Donald Trump A new tariff of 10 % and 49 % has announced on imported goods.

The majority of Apple revenue comes from mainly manufactured devices in China and a bicker of other Asian countries. NafidiaWhich manufactures new chips in Taiwan and collects artificial intelligence systems in Mexico and other places, decreased about 4 %, while the electric car company Timing 4.5 % decreased.

Through the rest of the world of Megacap, alphabetand Amazon and Dead All decreased between 2.5 % and 5 %, and Microsoft It was a decrease of approximately 2 %.

If the postmark from Apple is matching in normal trading on Thursday, it will be a sharp decrease in the share since September 2020.

Trump said on Wednesday afternoon that new taxes on imported goods would be a “declaration of economic independence” of the country. Trump said a 10 % blanket tariff on all imports, higher fees for specific countries, including 34 % for China, 20 % for European countries, and 24 % for Japanese imports, based on customs duties received by US exports.

“We will form our local industrial base, and we will open open foreign markets and break foreign trade barriers,” Trump said during his speech. “Ultimately, more production at home will mean stronger competition and reduce consumer prices.”

The stocks were widespread in Trump’s ads. and Trading trading fund S & P 500 trapped 2.8 %, while ETF After nasdaq 100 It lost more than 3 %.

During his speech, Trump praised Apple, Meta and Nvidia to spend money Investment In the United States.

“Apple will spend $ 500 billion, and they haven’t spent money like this here,” Trump said. “They will build their plants here.”

The Nasdaq Stock Exchange has concluded the worst quarter since 2022, as it decreased by 10 % in the first three months of the year, although the heavy technology index rose in each of the first two days of the second quarter.

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