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Apple loses $250B market value as tariffs tank tech stocks
Apple lost more than $250 billion in market value Thursday, with shares down as much as 8.5% as a result of President Donald Trump’s tariff spree.
The iPhone maker took one of the biggest hits on Wall Street, where tech stocks dropped as investors shifted money away from volatile assets. Trump’s huge tariffs on imported goods to the U.S. affect all of Apple’s biggest suppliers and manufacturing hubs in Asia, from China to Taiwan, India to Vietnam, despite CEO Tim Cook’s efforts to court the administration. Previously, she covered social media for Forbes.com, and her work has appeared in Bloomberg CityLab, The Atlantic, The Daily Beast, Mother Jones, i-D (Vice) and more.
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