Micron Stock's Bearish Spiral Deepens With Tariff Surcharge On Top Of 22% Plunge

Micron Technology Inc. MU is having a brutal April – and not just on the charts. The chipmaker's stock has tanked over 22% in the past five trading days.As investors hoped for a reprieve, Reuters dropped a fresh blow: Micron is slapping a tariff-related surcharge on some of its products, effective April 9.Tariffs Trigger TroubleMicron, which manufactures much of its portfolio in Asia – including China, Taiwan, Malaysia, Japan and Singapore – has informed U.S. customers that it will pass on costs from the la ...