Overview

• Trump's 10% global tariff policy, announced on April 2, has caused significant declines in tech company stock values, with some falling as much as 30%.
• Elon Musk, Mark Zuckerberg, and Jeff Bezos have collectively lost $80 billion in net worth since the tariffs were introduced, with Musk experiencing the steepest personal wealth decline.
• Apple has been particularly affected due to its reliance on international manufacturing, with its stock price dropping approximately 30%.
• Despite donating millions to support Trump’s inauguration, tech leaders and their companies have seen no insulation from the economic fallout of his policies.
• The tariff policy has exposed vulnerabilities in global supply chains, intensifying financial losses for companies dependent on international production hubs like Vietnam.