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The Independent UK
The Independent UK
Josh Marcus and Katie Hawkinson

Tech moguls who grinned behind Trump at inauguration lose billions in wake of his tariffs announcement

Tech billionaires who cozied up to Donald Trump were some of the biggest losers - shedding billions in net worth and values of their companies - in Thursday’s stock market losses as Wall Street reacted to the president’s tariff plan.

Meta stock was down 8.96 percent, Amazon was down 8.98 percent, Google had fallen 3.92 percent, while Apple had plunged over 9 percent. White House adviser Elon Musk also felt the pain, with Tesla sliding 5.47 percent.

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