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Trump's 'Reciprocal Tariff' Plan Hits Market Confidence As Dow Futures Drops Over 830 Points - Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)

1. U.S. stock futures plunged after new tariffs announced by Trump. 2. AAPL dropped 7.14%, risking a $221.7 billion market cap loss. 3. Tech stocks projected to lose $685 billion in market value. 4. Economists warn of economic losses up to $20 trillion. 5. Gold futures rose as investors sought safe assets.

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FAQ

Why Very Bearish?

Apple's significant decline reflects broader concerns over tariffs impacting profitability and production costs.

How important is it?

The tariffs directly affect AAPL's cost structure and market competitiveness, crucial for future profitability.

Why Short Term?

Immediate reactions to tariffs could stabilize once the economic implications are assessed.

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