Global stock markets plummeted after President Donald Trump instituted tariffs on most U.S. trading partners, wiping out trillions of dollars in wealth. The market rebounded partially, but some tariffs remain in effect, impacting companies worldwide.
A recent analysis by Fortune found that 14 Fortune 500 companies are feeling the effects of tariff turmoil. Here’s a breakdown:
* Apparel and retail: VF Corporation (30% drop) and Wayfair (15% drop) are among the hardest hit, with strong reliance on China and Vietnam.
* Industrials, hardware, semiconductors: Microchip Technology (20% drop) saw its stock price fall due to concerns over demand for semiconductors. Western Digital (12% drop) also suffered losses due to its significant presence in China.
* Medical technology and devices: GE Healthcare Technologies (19% drop) experienced a decline despite participating in a roundtable with China’s Ministry of Commerce.
* Vehicles and parts: Polaris (18% drop) saw an increase in tariffs on auto sector products, affecting the manufacturer of power sports vehicles.
* Cyclical and special retail: Best Buy (17% dip), Gap (9% drop), and Williams-Sonoma (9% drop) are feeling the pressure due to complex supply chains exposed to tariffs.
These companies are taking steps to diversify their supply chains or reducing reliance on China. However, others, like Target, have already reduced their reliance on imports from China. The impact of ongoing trade tensions remains a concern for these and other affected companies.
Source: https://fortune.com/2025/04/16/fortune-500-stocks-most-exposed-tariff-volatility