「Tit-for-Tat Tariffs」 Impact Causes Global Stock Market to Lose $1 Trillion in Market Cap

BlockBeats News, April 9th, according to Bloomberg, the United States announced the so-called "tit-for-tat tariffs," which severely impacted the international capital markets. Since the 3rd of this month, the global stock market has shrunk by $10 trillion, slightly higher than half of the EU's GDP. Among them, the U.S. stock market itself has suffered heavy losses, with the total market value of the seven major U.S. tech giants evaporating by about $1.65 trillion during this period. Among them, Apple, due to its high dependence on overseas supply chains for product manufacturing, has seen its stock price drop by nearly 23% over the past four trading days.