The world stock market over the past week has been like a Sin graph with it rising and falling again. This is all due to President Trump's actions in imposing tariffs that fluctuate according to his impulses. As a result, today the stock market plunged again after the United States confirmed that China was actually imposed a 145% tariff and not 125% as reported yesterday.
The 125% tariff yesterday must be added to the 20% tariff announced earlier this year to punish China for allegedly exporting the drug fentanyl to the United States. This makes China the country that receives the highest tariffs in the world by the United States due to the long-running trade war.
This confirmation caused technology company stocks, which rose almost 20% yesterday, to plunge again. Apple, NVIDIA, Meta, Microsoft, TSMC and Amazon stocks fell again. Apple and Amazon were affected because the majority of their products are imported from China. The introduction of these tariffs will not only have an impact on technology companies but will also make it difficult to sell TikTok, which was canceled last week due to Trump's tariffs.