Reported about 19 hours ago
Yahoo Finance reports that President Trump's recent tariff announcements, including a 10% baseline and up to 34% for China, have led to significant drops in the stock market, particularly affecting Big Tech, retailers, and automakers. Major companies like Apple and Nike have seen massive losses, with fears about increased operational costs and consumer prices. Analysts predict a downturn in economic growth, with sectors heavily reliant on foreign manufacturing bracing for impact as investors navigate this new tariff landscape.
Source: YAHOO