Trump's Sweeping Tariffs Could Cost US $20 Trillion, Crash Markets Warn Economists: 'Monstrously Destructive' - Apple (NASDAQ:AAPL)
1. Economists alarmed by Trump's new tariffs impacting global trade. 2. Projected economic losses could reach $20 trillion, affecting corporate profits. 3. Apple to face largest market value decline of $221.7 billion. 4. Tariffs include significant rates on China, Vietnam, and Sri Lanka. 5. Market reaction includes 2-3% drop in U.S. stock values.