✎ Contributed by Ty Griffin
President Donald Trump has proposed sweeping new tariffs, including a 50% duty on all European Union imports and a 25% tariff on Apple products not manufactured in the United States. The announcement has rattled financial markets and intensified pressure on U.S. tech giants that rely on global manufacturing and international supply chains.
Performance of Major Tech Stocks
- Apple Inc. (NASDAQ: AAPL): Trading at $196.28, down $4.99 (2.48%) today.
- Microsoft Corp. (NASDAQ: MSFT): Trading at $451.30, down $3.56 (0.78%) today.
- Alphabet Inc. (NASDAQ: GOOGL): Trading at $169.67, down $1.20 (0.70%) today.
- NVIDIA Corp. (NASDAQ: NVDA): Trading at $131.06, down $1.77 (1.33%) today.
- Meta Platforms Inc. (NASDAQ: META): Trading at $629.32, down $7.26 (1.14%) today.
Industry Impact
The proposed tariffs could significantly raise costs for companies that depend on international manufacturing — with Apple the most directly impacted. The company assembles most of its products abroad, particularly in China, and would face difficult operational decisions if forced to onshore production or absorb higher import taxes.
The broader tech sector also took a hit, with Microsoft, Alphabet, NVIDIA, and Meta all trading lower. Analysts say the threat of escalating trade tensions with Europe introduces new risks to both hardware and digital services sectors, especially if retaliatory tariffs target U.S. software or cloud infrastructure.
Investors are bracing for potential volatility ahead of the June 1 deadline, with many watching to see whether the tariffs are a negotiation tactic or the start of a more aggressive trade posture heading into summer.
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