Apple loses $300B in market value as Trump tariffs threaten China-heavy supply chain

Core Viewpoint - Apple experienced a significant loss of $300 billion in market value due to fears surrounding President Trump's newly announced tariffs, which are expected to impact supply chains negatively [1][10]. Company Summary - Apple's shares fell nearly 9% following the announcement of tariffs, including a 54% rate on goods from China, where most of its hardware is produced [1][2]. - The company is facing its worst single-day losses since September 2020, yet it remains the world's most valuable company with a valuation exceeding $3 trillion [3]. - Despite efforts by CEO Tim Cook to build a relationship with Trump, including a $500 billion pledge to the US economy and the creation of 20,000 jobs, the company is still vulnerable to tariff impacts [3]. Industry Summary - Other major tech companies also suffered losses, with Amazon dropping nearly 8% (over $163 billion in market value), Nvidia falling 5% (about $140 billion), and Meta, Alphabet, and Microsoft also experiencing declines [4][6]. - The tech-heavy Nasdaq index fell by over 800 points (nearly 5%), while the S&P 500 and Dow Jones Industrial Average also saw significant drops [9]. - Analysts express concerns that the tariffs could lead to demand destruction and supply chain issues, particularly for companies heavily reliant on Chinese manufacturing [8].