The stocks of the "Magnificent 7" are down today due to tariff uncertainties and the impacts of trade policy. Trump's tariffs, including a 104% rate on Chinese imports, are raising costs for companies like Apple (AAPL -2.01%) and Tesla (TSLA -5.27%), which rely on global supply chains. Export restrictions on chips to China are hitting NVIDIA (NVDA -3.40%) hard, with a recently reported revenue loss of US$ 5.5 billion. Overall market sentiment is also worsening, with Fed Chairman Powell warning that tariffs may fuel inflation and slow growth, affecting growth stocks like Amazon (AMZN -2.39%), Alphabet (GOOGL -1.79%), Meta (META -2.22%), and Microsoft (MSFT -1.22%). Despite the 90-day tariff pause, the looming threat continues to spook investors.

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