Apple sheds $300 billion in tariff-fueled sell-off, on track for worst drop since March 2020 [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
· Senior Reporter Updated 3 min read In This Article Tech stocks plummeted on Thursday, with Apple ( AAPL ) leading "Magnificent Seven" names lower following President Trump's reciprocal tariff announcement the day prior. Shares of Apple, on track for their worst day since March 2020, cratered over 8% in afternoon trade as the stock erased $300 billion from its market cap. The largest risk, according to analysts, centers on the iPhone maker's overseas production hubs, which are particularly vulnerable to the tariffed countries. On Wednesday, Trump announced tariffs that will impact some 185 countries, including the United States's largest trading partners. Additional reciprocal tariffs, for instance, will include 34% tariffs on Chinese imports, a 20% tariff on European Union imports, a 46% tariff on imports from Vietnam, 32% on imports from Taiwan, and 26% on India — all set to take effect on April 9. Notably, the additional 34% tax on China will be added to the country's
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