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Fortune
Fortune
Beatrice Nolan

Apple leads decline in tech stocks as market reacts to Trump's tariffs

Tim Cook stands behind Vance and Trump. (Credit: Shawn Thew—EPA/Bloomberg via Getty Images)
  • Trump’s sweeping tariffs have sent tech stocks tumbling. On Wednesday, the U.S. president announced blanket 10% tariffs on all countries, sparking fears of supply chain chaos and concerns about the U.S.'s AI sector.

Tech stocks took a beating after President Trump announced sweeping global tariffs ranging from 10% to 49% on both “friend and foe.”

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