President Trump announced sweeping reciprocal tariffs affecting the semiconductor supply chain on April 9, 2025, targeting China and Taiwan. The tariffs are set to increase import costs for Nvidia and other companies, potentially impacting AI chip demand. TSMC, a leading Taiwanese contract chip manufacturer, saw its stock decline by 5%. Analysts noted that companies outsourcing production to countries like Taiwan and China could face higher costs, affecting demand for AI chips.

President Donald Trump announced 'Liberation Day' tariffs on all US trade partners, imposing a 10% baseline tariff and higher reciprocal duties on 'bad actors'. The tariffs include 25% duties on steel and aluminum imports, and 34%, 46%, and 26% on imports from China, Vietnam, and India respectively. Tech stocks, especially Apple, faced significant declines, with analysts warning of potential margin impacts and supply chain disruptions.

This article discusses the market movements on April 27, 2025, focusing on the decline of major tech companies like Tesla, Nvidia, and Apple, while retail stocks, such as Nike and Lululemon, see an increase. The article also highlights an antitrust investigation initiated by Chinese regulators into DuPont's Chinese subsidiary, adding to the company's challenges.

The 'Magnificent Seven' stocks, including Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla, have seen significant price-to-earnings (P/E) ratio declines following Trump's tariff policies. Tesla, Nvidia, and Apple have been particularly affected, with Apple shares shedding $368 billion in market cap. Market losses have been substantial worldwide, with global indexes like the Nikkei 225, Hong Kong's Hang Seng Index, and China's Shanghai Composite Index experiencing large drops. Experts predict that the impact of tariffs could be significant, with Amazon expected to face an annualized operating profit hit of $5 billion to $10 billion.

Global markets experienced a significant downturn on April 27, 2025, following President Trump's announcement of steep 'Liberation Day' tariffs on April 5 and 9. The Dow Jones Industrial Average fell over 1,500 points, while the tech-heavy Nasdaq Composite and S&P 500 also saw significant declines. The tariffs, which include a 54% rate on China and 10% on other trading partners, have raised concerns about a potential trade war and its impact on global growth.