Technology stocks fell sharply Thursday following President Donald Trump’s announcement of sweeping new tariffs on imported goods, triggering widespread investor alarm. Apple, which manufactures in Asia, plunged 8%, while the Nasdaq Composite dropped 5%—its worst session in five years. Meta and Amazon declined 7%, Nvidia and Tesla over 4%.
Semiconductor firms such as Arm, Broadcom, and Lam Research dropped 8%+, with Micron tumbling 14%. Trump’s tariffs include a 34% duty on China, sparking criticism from Beijing. Microsoft and Alphabet also slipped. The selloff reflects market fears of a global trade war and deepening concerns over U.S. economic stability.
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