Apple and other US tech groups hit as Donald Trump targets suppliers

Shares of top US companies, including Apple, Amazon and Tesla on Wednesday, were submerged in trading on Wednesday because Donald Trump’s hanging customs government threatened a massive rise in the global supply chain.

Technology companies were the most affected in the initial market response, the contracts decreased by 4 percent to Nasdak. Apple’s shares that have been exposed to additional tariffs in China have decreased by 7 percent, Amazon has decreased by about 6 percent.

The Trump’s World Trade Increase in War The technology supply creates a significant risk for chains, after spending a few months in an attempt to get soft or exempt from policies that can hit them below line.

Technology companies were not merely suffering on Wednesday. Despite Trump’s tariff announcement, big retailers and consumer brand shares have also been submerged, Walmart has decreased by 7 percent. The target has dropped by more than 5 percent and the Sports Group Nike was closed 7 percent after the business.

Ay 10 percent universal duty All countries will apply from midnight to April 7, when higher “mutual” tariffs, which apply to multiple geographies, including the EU, China, the United Kingdom, Japan and South Korea, will be effective from midnight on April 9.

Wedbush analyst Daniel Ivez writes that the new tariff spree was “the worst case bad” scene that feared the situation. “Tech stocks are definitely under the big pressure on this announcement [over] Demand for demand, supply discipline and especially in China and Taiwan tariffs. ”

An executive of a large technology company said that it was like “trying to hit the ongoing goal” operated under the current administration. “I am more worried that he is about to break the US economy” than any one of the tariffs than the tariff “said the person.

Apple He refused to comment on whether there was any possibility of engraving from new tariffs as Trump was able to handle it in the first term. A White House spokesman confirmed that Apple was not exempted from the President’s executive order.

Apple Chief Executive Tim Cook is walking with a geopolitical Titrope, the company’s supply chains are tied to China, where Foxcon’s preferences pump a few million iPhones every year. Ay $ 500bn expense plan Trump announced in February was seen as an attempt to calm down.

Apple is shipped by ships on an about 50mn iPhone ship every year. The iPhone remains as the company’s flagship product and its mac, iPad, wearable and rapidly growing services are more than half of its total income.

Trump declared that he would impose 34 percent tariff on Chinese imports – he already pressed on the top 20 percent tariff – as well as 26 percent in India and 46 percent in Vietnam, where Apple produces.

The one -sided step that affects multiple important manufacturing countries will not only affect Apple’s close supply discipline relationships, but no advantage from it Tried to bring in diversity Its production base is somewhere else.

Amazon is similarly involved in a recent campaign to inspire Trump, in his first term, the President faces the president. Company founder Jeff Bezos participated in Trump’s oath -taking ceremony and ate with him several times in recent months.

Analysts in Morgan Stanley say the Seattle-based sum is dependent on Chinese imports to stock its warehouse and about a quarter of its retail arms are bound to China.

Meanwhile, the Nvidia shares have made the White House clarified that semiconductor has now shared more than 5 percent after an hour, despite the fact that they will be released from mutual government.

The chip giant Taiwan semiconductor manufacturing coating its cutting edge to produce artificial intelligence chips, whose sales has driven the company to higher evaluation in the last two years.

Nvidia, whose chief executive Jensen Huang has similarly promised to spend a few billion dollars in the next four years in the United States Interview with Financial Times Last month refused to comment.

TSMC shares were about 6 percent reduced in business after hours. The company has recently committed $ 100bn investment in US chip manufacturing.

Of these, the meta shares were about 5 percent below it. It has previously warned that its China advertising income could be damaged in the case of growing trade disputes with the United States.

Trump also confirmed that 25 percent of the tariffs will be pressed on everyone Foreign -made cars and parts At midnight, all the US carmakers hit the stock.

Tesla’s shares have decreased by 8 percent in the business of business because investors are concerned about the impact on its global supply chain, as well as concern about the possibility of revenge for the world’s largest electric vehicle manufacturer.

Tesla last month Careful The cost of making cars may increase because “some parts of the source and elements in the United States are difficult or impossible” and American vehicles will become less competitive abroad.

A Factsheet in the White House says the cars and parts of the car will be “already subject to tariffs”, copper and “some minerals that are not available in the United States” will be exempted without giving more details.

Daniel Newman Trump, the Chief Executive of the Futcharam Group, describes the move as “chip the band-off-off moments” for technical investors like shaking for weeks.

“You are looking at the market reaction and you are going: the whole world has originally become completely dependent on our very accessible economy,” he said.

For retailers, Trump has come to this share of the shares despite many years of efforts to diversify their supply chains after heavy tariffs on import from China in its first term. Supply at home depot, the largest home improvment chain, some manufacturing has transferred to Southeast Asia, Mexico and the United States, Chief Executive Ted Decker said last monthThe

Chief Commercial Officer Rick Gomez said last month that the target was transferred from China to Guatemala and Honduras, such as the production of clothing and growing Central America. On Wednesday, Trump hit Guatemala and Honduras at 10 percent tariff rates.

Refuse to comment on the target.

“This newly announced duty-and-American businesses are expected to destabilize the expected revenge-US economy, the targets to encourage domestic production and growth,” senior executive vice-president Michael Hanson of retailers says, which counts as a member.

The new tariffs created immediate pressure for special relief. The Consumer Brands Association, whose food makers include Pepsico, Mondeles and Craft Hinge, applied for some “critical elements” exemption from Levis.

“We encourage President Trump and its trade consultants to make the fine tune of their approach and to exempt the main elements and inputs to prevent unnecessary inflation in the grocery store,” the association said.

Additional Report of Rafa Woodin, Hannah Murphy and Alex Rogers