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Benzinga
Benzinga
Business
Surbhi Jain

Tesla And Apple Face Brand-New Wrecking Ball—Thanks To Trump

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President Donald Trump's latest salvo on trade policy has rattled markets, and auto giants like Tesla Inc. (NASDAQ:TSLA) and big tech like Apple Inc. (NASDAQ:AAPL) may bear the brunt. Trump has floated the idea of imposing 30% tariffs on imports from the European Union and Mexico, two regions that play a crucial role in both companies’ global supply chains and revenue streams.

For investors, the risk isn't just theoretical – it could mean real pressure on margins, pricing and stock performance.

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