Reported 1 day ago
On April 3, 2025, President Trump announced a baseline tariff of 10% on several countries, set to take effect on April 5, with additional tariffs for significant offenders, impacting major U.S. companies like Apple, Nike, and Walmart. This news has seen significant market declines, including a nearly 3% drop in the Dow and steep losses for retail stocks. Analysts predict substantial earnings losses for these companies, with Apple facing an estimated $8.5 billion rise in costs due to tariffs on products from China, affecting their profits significantly.
Source: YAHOO