The technology sector experienced significant losses following substantial reciprocal tariffs imposed by US President Donald Trump. Notable companies like Apple, Microsoft, Google parent Alphabet, and Amazon saw massive declines in market value,

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The tariffs are likely to raise prices for domestic and foreign cars and throw wrenches into how they are produced, analysts say. Electric vehicles are no

For perspective, the tariffs could wipe out 9 per cent of Apple’s gross margin – unless the added costs are passed through or an exemption is granted, analysts found.

Economists and analysts have expressed concerns about the potential repercussions of these tariffs. There is apprehension that levies could hike consumer prices, disruptions in global supply chains, a

The Dow Jones Industrial Average and other major indexes were flat in early trades Wednesday as President Donald Trump was set to announce more tariffs as part of what he called "Liberation Day." Tesla dropped on a deliveries miss while Nvidia stumbled again on the stock market today.

Trump said Monday he “may give a lot of countries breaks” and his plans are “reciprocal, but we may be even nicer than that,” signaling the U.S. may not even match the tariff rates American goods face abroad.

Trump has tasked the Tesla and SpaceX CEO to lead efforts to cut government funding and dismantle various U.S. agencies as a special government employee. Politico reported that both Trump and Musk decided in recent days that Musk will soon return to his businesses.