Shares in the US tech giant were one of Wall Street’s biggest casualties in the days immediately after Trump announced his reciprocal tariffs. About $700 billion was wiped off Apple’s market value in the space of a few days. Earlier this week, Trump said he would consider excluding US companies from his tariffs, but added … Read more
President Donald Trump has announced a 90-day pause on his reciprocal tariffs, and the stock market is already bouncing back — from the damage caused last week when Trump announced his reciprocal tariffs. Tech stocks, like Apple, Sony, and Microsoft, shot up quickly following Trump’s announcement, with Tesla rising particularly fast. As of this writing, … Read more
While Nintendo could theoretically avoid tariff impacts by moving Switch 2 production into the US, Wedbush’s Ives pointed out that the process would cost “tens of billions of dollars” and require “four to five years” to get a US factory of that scale up and running. Even then, the individual parts to make consoles like … Read more
TikTok Shop, a major e-commerce platform connecting Chinese vendors with overseas consumers, has flagged US tariff risks to its merchants, as well as promoting European sites, after US President Donald Trump tripled tariffs on small parcels exported from mainland China and Hong Kong, which were previously exempt from duties. The ByteDance-owned platform has informed merchants … Read more
A screen displaying the Hang Seng stock index is seen at Central district, in Hong Kong, China, on April 7, 2025. TYRONE SIU / REUTERS Asian markets collapsed Monday, April 7, after China hammered the United States with its own hefty tariffs, ramping up a trade war that many fear could spark a recession. Trading … Read more