On Thursday, April 3, 2025, U.S. stock futures declined sharply following President Donald Trump's announcement of sweeping 10% tariffs on all imports and significantly higher "reciprocal" tariffs for specific trade partners—China (34%), EU (20%), Japan (24%), Taiwan (32%), and Vietnam (46%). This move sparked a major selloff across U.S. technology and retail sectors.
Apple (AAPL): The tech giant's shares fell nearly 7% in premarket trading. Apple's reliance on Chinese manufacturing for its hardware products makes it particularly vulnerable to the newly imposed tariffs.
Nike (NKE): Shares of the athletic apparel company tumbled over 8%. Nike's significant manufacturing presence in Vietnam exposes it to the 46% tariffs imposed on Vietnamese imports.
Ford (F): The automaker's stock experienced a decline in premarket trading. While specific figures were not detailed, the automotive industry is broadly affected by tariffs on imported components and materials.
Deckers Outdoor Corp. (DECK): Shares of Deckers, known for brands like UGG and Teva, also faced downward pressure. The company's exposure to international manufacturing and supply chains makes it susceptible to the broad tariffs implemented.
Other Notable Movements:
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Tesla (TSLA): The electric vehicle manufacturer's shares dropped 5.9% after missing Q1 delivery expectations.
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RH (RH): The luxury furniture retailer plunged 28% due to weak earnings and a cautious fiscal outlook.
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Dollar Tree (DLTR): The discount retailer's shares fell 11% after cautioning that tariffs could hurt sales and raise costs due to its heavy dependence on Chinese imports.
Investors are closely monitoring the situation as companies assess the impact of these tariffs on their operations and supply chains. The market's reaction underscores concerns about increased costs and potential disruptions in global trade.
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