US tech and retail stocks led a sharp decline on Friday after a surprise tariff hike by the Trump administration. The tariffs, imposed on Chinese goods, are expected to affect major US retailers and technology firms.
The impact of the tariffs will be felt globally, with potential harm to supply chains and profit margins for affected companies. The semiconductor industry is also expected to face an indirect hit due to the increased costs associated with global trade.
Analysts warn that the situation could become increasingly volatile as tensions between the US and China escalate. As a result, investors are advised to exercise caution when making investment decisions in the coming days.
The decline in stocks has raised concerns about the potential impact on economic growth and consumer spending. The situation will be closely monitored by market experts and policymakers, who are eager to assess the full extent of the damage before taking action.
Source: https://www.reuters.com/technology/apple-shares-drop-7-frankfurt-after-trump-tariffs-china-2025-04-03