Technology stocks witnessed a significant decline in the Indian market due to President Trump’s latest tariff policies, causing market panic. Apple experienced a sharp drop of almost 9%, leading the overall tumble. The Nasdaq Composite plummeted by over 5%, marking its most substantial decrease in five years. Trump’s decision to impose tariffs on imports, particularly a 34% tax on Chinese goods, has escalated concerns about a potential global trade conflict. This move has raised apprehensions about the impact on the technology sector and its supply chain. Investors are closely monitoring the situation as the market navigates through these uncertain times.
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Trump’s Tariff Policies Spark Tech Stock Plunge; Apple Drops 9% Leading Nasdaq’s 5% Decline
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