The new tariff of Donald Trump has sent a shock to the stock markets worldwide with companies surrounding hundreds of billions of billions in joint losses on Thursday.
Comprehensive Trump tariff Different companies around the world are ready to wreak havoc on their businesses up to 50 percent, a glimpse of which was already visible in the global markets on Thursday as they were closed.
US-based giants such as Apple, NIKE and Amazon have faced the biggest decline in terms of their share price and market price, which fears a potential price increase with investors and a recession of consumer expenses.
There are some brands here that are the most sensitive to Trump tariffs and may lose large.
Apple
Trump Tariffs make the highest allegations against many nations which have become the major alternative production hub for China. While China was slapped with 54 percent tariffs, Asian countries like Vietnam and Cambodia are looking at 46 percent and 49 percent levy respectively. On the other hand, India has to face a tariff rate of 26 percent. Interestingly, companies Apple Countries like Vietnam and India have transferred their production locations, and also make their hardware in China, which has made it into losses.
The largest publicly listed company on Thursday saw a decline of $ 300 billion in its market evaluation that tariffs would increase the cost of their products.
Nike
Nike Jordan’s prices are likely to rise as most of the company’s factories are located in Asian countries that face the highest trump tariffs. According to the Guardian report, factories in China, Vietnam and Indonesia created 95 percent Nike shoes last year.
The company is already facing heat, the market evaluation is decreasing by $ 13 billion on Thursday and its shares have seen a decline of more than 14 percent during trade.
Heroic
Amazon, a “magnificent 7” mega-value tech company, has also been brought in contact with the results of Trump Tariff. The market price of Amazon, a prominent consumer company, fell by about $ 190 billion on Thursday.
According to a Guardian report quoting the Marketplace Pulse, Chinese vendors have more than 50 percent market share on Amazon’s third-party vendor market. This especially makes technical giants susceptible to the trump tariff effect, causing fear among investors.
Boing
Fear of Trump Mutual tariff Spending consumer around the world also means that the travel industry will be affected. An investor on Thursday pushed Boeing to be one of the biggest loser in Thursday’s trade in Wall Street. The shares of aircraft manufacturing giants fell more than 10 percent a day.
