Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, Tesla and SpaceX CEO Elon Musk were No. 47 at the US Capitol the Us Capitol in Washington on January 20, 2022 at the Donald Trump swearing in.
Saul Loeb | By Reuters
Technology stocks have fallen more than 7% since the president Donald Trump New tariffs triggered trade war And in Adventure emotions On Wall Street.
Economists warn that tariff issues could soar inflation and send shock waves around the world, prompting investors to dump winning stocks and mitigate risks.
After Trump’s presidential victory, there are concerns about the tech stocks that have damaged the market. The S&P 500 index technology field was 1% Tuesday, based on the loss of 3.5% for the previous session. It has dropped 7.6% since Trump took office.
Tariffs could inspire manufacturing costs for leading technology companies apple and Nvidia Assemble and manufacture products outside the United States
Nvidia, the leading manufacturer of artificial intelligence chips, Leap of nearly 9% Since Trump took office, he responded to tariffs on Monday and fell to more than 17%. Stocks continued to slip on Tuesday.
The company makes most of its bargaining chips in Taiwan, but produces some more complex systems in other regions. NVIDIA says the plan is Taiwan Semiconductor ManufacturingFacilities in the United States Announced on Monday.
Semiconductor inventory is not enough Vaneck semiconductor ETF It has fallen nearly 14% since the inauguration. Advanced micro-equipment About 20% lost, and Broadcom and Marvell Technology Sales volumes exceed 21% and 31% respectively.
MEGACAP Technology Stocks and Elon Musk– later Tesla Since the inauguration, one-third of its value has been lost. letter It dropped by about 15%, while Microsoft and Amazon Each person has a drop of at least 10%. Apple grew 3%.
Trump smashes hope for potential Last minute deal On Monday, 25% of the duties for Canada and Mexico will take effect. Trump said after weeks of negotiations, there was “no room” to discuss alternatives. He also added 10% tariffs to Chinese goods.
All three countries responded to the new tax. Canada said it would impose retaliatory tariffs on Tuesday, and Mexico is preparing to announce plans on Sunday. China Up to 15% tariff On some American goods.
