Apple shares fell 5% and Nvidia shares fell 3% following Donald Trump's announcement of significant tariffs on Taiwan and China. These companies, along with others in the tech sector, depend heavily on the Taiwan Semiconductor Manufacturing Company, which produces advanced semiconductors. Apple, which sells about 50 million iPhones in the US annually, manufactures most of its products in China, magnifying the impact of these tariffs.
Sources
Latest News
17:54
Strong gusts of wind hit Rio de Janeiro and São Paulo, causing the death of five people and significant material damage.
17:44
A EU-funded project will test 11 natural solutions for protecting Mediterranean agriculture and forests from drought and fires.
17:39
Oradea has developed the first unified regulation for the access of pets in public and private spaces
17:29
EU opens the competition for up to seven gigafactories of artificial intelligence and investments of over 30 billion euros
17:26
Energy market operators propose transitioning European intraday auctions to a more precise calculation of available capacity between states.
See more news