Apple, Amazon, Nvidia in the red: how Trump destroyed the market in 24 hours

Trump Dealt a Colossal Blow to the US Economy

President Donald Trump's actions caused the stock market to crash by $3 trillion in a single day. America's wealthiest people lost $208 billion in just one day. The dollar fell by 3% against other currencies.

Tech giants suffered enormous losses: Apple lost $314 billion, Nvidia - $209 billion, Amazon - $187 billion, and Meta - $133 billion.

Experts predict that the price of the iPhone, which currently costs $799, will increase by 42% to $1100 due to the need to pay tariffs on imported components.

The total damage from Trump's actions is estimated at approximately $5 trillion. This stock market decline was the largest since March 2020, when the coronavirus pandemic broke out. Trump proved to be worse for the economy, stock markets, companies, and billionaires than COVID-19.