US technology companies are facing unprecedented challenges due to President Trump's new tariff regime, the most severe in a century. Following a recent market slump, the Nasdaq 100 Stock Index witnessed a substantial decline, with tech giants like Apple and Nvidia particularly hard hit. The tariffs imposed on imports from China and Taiwan threaten to disrupt long-established supply chains. Companies struggle to navigate the dual pressures of rising costs and consumer demand, facing difficult choices regarding pricing and profit margins. Analysts suggest that further selling is likely until there is clarity or policy change.
There's virtually nowhere to hide for many US technology companies under President Donald Trump's new tariff regime, the harshest in a century.
China and Taiwan, the global hubs for chip and high-tech manufacturing, got hit with levies of 54% and 32%, respectively.
This is really a worst-case scenario for tech, and I don't think we've seen the end of the selling.
Investors reacted swiftly, sending Apple shares tumbling 9.3% Thursday after Trump announced his plan.
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