Wall Street stocks are facing their worst quarter in nearly three years due to fears of Trump’s tariffs causing stagflation. The S&P 500 has declined 5% in the first quarter of 2025, with concerns about economic growth and inflation rising. Trump’s upcoming tariff announcement has led to market uncertainty, impacting technology stocks, commodities, and global markets, prompting investors to seek safer assets like gold and US Treasury yields.
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Apple and other US tech groups hit as Trump targets suppliers
Shares in top US companies, such as Apple, Amazon, and Tesla, saw significant declines in after-hours trading due to Donald Trump's new tariff regime causing concerns about global supply chain disruptions. Technology companies, retailers, and consumer brands were among the hardest hit. The new tariffs are set to take effect on April 5 and April 9, with a universal 10% tariff on all countries and higher reciprocal tariffs on key geographies. Tech supply chains, particularly...
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