Global Markets Hit Hard by U.S. Tariff Announcement

According to BlockBeats, the recent announcement of reciprocal tariffs by the United States has significantly impacted international capital markets. Since the announcement on April 3, global stock market valuations have decreased by $10 trillion, a figure slightly exceeding half of the European Union's GDP. The U.S. stock market has been particularly affected, with the seven largest technology companies losing a combined market value of approximately $1.65 trillion during this period. Apple has been notably impacted due to its heavy reliance on overseas supply chains for product manufacturing, resulting in a nearly 23% decline in its stock price over the past four trading days.