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President Donald Trump announced a blanket 10% tariff on all imports on April 2, levying additonal (and much steeper) duties on specific countries. This move, designed to breathe life back into U.S. manufacturing and trim the widening trade deficit, sent tremors through financial markets. The tech sector took the brunt of the storm. Salesforce (CRM), already walking on thin ice, saw its shares tumble 6% on April 3, dragging its year-to-date loss to a worrying 23.3%.
Amid the market upheaval, a curious trend in CRM stock is unfolding.