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 those linked to China, are at risk, impacting companies like Apple and Amazon. Trump’s move also affects carmakers like Tesla, with potential retaliatory tariffs on the horizon. The market reaction reflects investor anxiety over the impact of the tariffs on demand, supply chains, and global trade relationships. On Wednesday, Trump imposed 10 per cent tariffs on Guatemala and Honduras, with Target declining to comment. Retail Industry Leaders Association warned that the tariffs could harm the US economy and called for exemptions on certain ingredients. The Consumer Brands Association petitioned for relief to protect manufacturing jobs and prevent inflation at grocery stores, urging Trump to reconsider the approach.
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