Trade Tariffs Increase Instability And Lower The Market Value Of Tech Giants Since Trump Took Office, Study Says
Since Donald Trump’s inauguration on January 20, the value of the market of companies listed on American stock exchanges has fallen by US$ 9.81 trillion, according to a survey by the consultancy Elos Ayta. This decline is associated with recent economic measures, such as the imposition of tariffs on imports, which increased uncertainty in the financial market, according to the Metropoles website.
Two Days of Trump, US$ 6 Trillion Lost
On the trading days of April 3 and 4, losses reached US$ 6.08 trillion, primarily affecting the technology sector. The so-called “magnificent seven” — a group that includes companies like Nvidia, Apple, and Microsoft — led the decline.
Major Losses:
- Nvidia: US$ 183 billion on April 4; cumulative loss of US$ 1.07 trillion
- Apple: US$ 533 billion since the beginning of 2024
- Microsoft: US$ 515 billion year-to-date
Widespread Impact Beyond The Tech Sector
Companies in other sectors also faced sharp devaluations:
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- ❌ Losses on April 4 (non-tech): US$ 2.37 trillion
- ❌ Cumulative losses since January (non-tech): US$ 5.54 trillion
Trade Policy As A Risk Factor
Experts point out that the adoption of new import tariffs contributed to the instability scenario, raising concerns over a possible trade war.
“The market reacted brutally,” said Einar Rivero, partner at Elos Ayta. “Investors are suspicious of the impact of the new trade policies.”
With trillions evaporating in market value, the start of Trump’s new term has generated strong volatility in the markets — with effects that may extend beyond the United States.


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