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US tech, retail stocks lead rout after Trump's tariff blow [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
led a global market meltdown as President Donald Trump's sweeping new tariffs heightened fears of a spike in costs across a wide range of industries. The tariffs, which threaten to destabilize the world trade order and unsettle businesses, mark a sharp reversal from just a few months ago when hopes of business-friendly policies under the Trump administration pushed U.S. stocks to record highs. Trump said he would impose a 10% baseline tariff on all U.S. imports along with higher duties on dozens of other countries, pushing U.S. tariffs to the highest in more than a century according to Fitch Ratings. Analysts and economists warned that hefty tariffs on imports from Asian manufacturing hubs and potential retaliatory measures could rattle global supply chains, dent corporate profit margins and significantly raise recession risks. Ken Mahoney, CEO of Mahoney Asset Management in Montvale, New Jersey, said some pre-announcements can be expected this earnings season. "What guidance
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