Hightlight Notes
- ๐ Recent market crash resulted in a $2.5 trillion loss for top companies due to tariffs.
- ๐ญ The Magnificent 7 tech giants lost a combined $1 trillion, with Apple being the hardest hit.
- ๐ Apple's production in China faces high tariffs, potentially increasing iPhone prices significantly.
- ๐ป Nvidia's chips are exempt from tariffs, but components they go into are not, affecting its stock.
- ๐ Amazon's dependency on Chinese imports could lead to a $180 billion loss from new tariffs.
- ๐ Nike sneakers could see a price increase of $30-40 due to supply chain disruptions.
- ๐ The auto industry faces a 25% tariff, leading to layoffs and plant closures in the U.S.
- โ๏ธ Airlines like United and Delta are experiencing stock drops due to rising operational costs from tariffs.
- ๐ Tariffs disrupt global supply chains, impacting businesses across various industries.
- ๐ง Trump's tariffs reflect a rejection of globalization, posing challenges for companies to adapt.
- โ ๏ธ The pharmaceutical industry remains temporarily exempt from tariffs but faces potential future scrutiny.
- ๐ Tariffs are viewed as both protectionism and realism, showcasing their controversial impact on the economy.