Because of Trump’s tariffs: tech shares sack again, Apple loses particularly

One day after US President Donald Trump has announced massive tariffs for almost all countries in the world, Apple is one of the greatest losers on the stock exchanges. The share price of the iPhone group dropped by more than 9 percent on Thursday after the beginning of New York. The group’s supply chains and its production facilities in Asia are particularly badly affected by the tariffs. More than seven percent each lost the shares of Meta and Amazon, and other tech companies also had to accept significant losses.

It doesn’t look better on Thursday for cryptocurrencies, the Bitcoin is now being traded for around $ 82,000, four percent less than on Wednesday. Ethereum lost even more.

The recent course slip on the stock markets has preceded Donald Trump’s unprecedented announcement. After threatening a huge customs package for weeks, he announced taxes for goods from all countries in the world on Wednesday. Ten percent will be due for imports from Saturday, and there are additional taxes for many countries after a complex system. In view of the complicated supply chains and the extremely closely networked global economy, the consequences are not foreseeable. The course slip on Thursday According to Bloomberg Almost two trillion of capitalization destroyed in the very beginning of the first hour after the start of the trade alone, alone on the US exchanges. It didn’t look much better elsewhere.

Among the large tech companies, the Börsentag has started even more violently for Dell than for Apple. The shares of the hardware manufacturer currently record a decline of almost 16 percent, background, according to Bloomberg, the particularly complex supply chains. The Swiss company Logitech had to accept a loss of over 15 percent on the Zurich stock exchange. The manufacturer of computer accessories makes a large part of its business in the United States, but has it produced in Asia and Mexico. For the companies with their complicated supply chains, it could get worse if other states should react to Trump’s announcement with their own counter -tariffs.

EU still relies on negotiations

For the European Union, Trump’s plans are that exports of its member countries to the United States will be occupied by 20 percent next week. Germany as the third largest economy in the world is not listed individually in Trump’s customs list, but falls under the provisions for the EU. “Europe’s worst economic nightmare has just become true,” the dpa quotes the chief economist of the bank Ing, Carsten Brzeski. EU Commission President Ursula von der Leyen also expects immense economic consequences, possible higher prices would particularly harm the financially weakest people.

The concerns have also caused strong declines in the stock market in Germany. The leading index Dax gave up over 500 points or a good two percentage points on Thursday. It is feared that key industries are particularly at risk, i.e. mechanical engineering, the chemical industry and the pharmaceutical industry. It is still unknown which countermeasures the EU will take. “We are already finalizing the first package of measures in response to the steel tariffs and are now preparing further measures to protect our interests and companies if negotiations fail,” Ursula von der Leyen is cited by the dpa.