Stock Movers Apple Shares Plunge, Nike Drops, Stellantis Falls on Tariff Concerns
Apr 4, 2025
Major companies are feeling the heat from new tariffs. Apple faces its worst stock drop in five years, caught in the trade war crossfire. Nike suffers too, with hefty tariffs on goods from Vietnam and other Southeast Asian countries impacting its margins. Meanwhile, Stellantis grapples with halted production and layoffs, as it navigates the turbulent supply chain landscape. To combat declining sales, Stellantis is rolling out employee discounts on popular models, aiming to entice consumers during this challenging period.
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