Apple's market value decreased by $300 billion on Thursday due to concerns over reciprocal tariffs. Shares fell nearly 9% following President Trump's tariff announcement. The company faces a 54% tariff on Chinese imports, where it manufactures most of its hardware, and tariffs of 26% and 46% on imports from India and Vietnam, respectively. Despite CEO Tim Cook's efforts to build ties with Trump, no tariff exemptions have been announced. Other tech companies also experienced market declines, including Amazon, Nvidia, Meta, Alphabet, Microsoft, and Tesla. Apple is heading towards its worst daily losses since September 2020 but remains the world's most valuable company with a valuation exceeding $3 trillion.
Apple's Market Value Plunges $300 Billion Amid Tariff Fears; Faces Worst Daily Losses Since 2020
Edited by: Татьяна Гуринович
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