The Daily How Trump Wiped Out $10 Trillion in Wealth in 3 Days
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Apr 8, 2025 
Andrew Ross Sorkin, a renowned columnist and the editor-at-large of DealBook, joins Jonathan Swan, White House reporter for The New York Times. They dive into the tumult of the stock market following Trump's aggressive tariffs, which have erased trillions in wealth. The discussion reveals how CEOs are grappling with swift economic changes and the growing dissent among business leaders. They also analyze the unpredictable nature of Trump’s policies and the impact on corporate strategies, raising questions about long-term economic stability.
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Apple's Tariff Troubles
- Apple's stock dropped 18% in five days, losing $700 billion due to tariff threats.
- This demonstrates how tariffs create uncertainty, impacting production costs and consumer behavior.
The Cascading Effect of Tariffs
- The downstream effects of tariffs cascade through interconnected businesses.
- A rise in Apple's prices might reduce their advertising spending, thus impacting Meta's revenue.
Brand Image and Tariffs
- Tariffs can damage a brand's image and customer loyalty.
- Consumers in other countries might boycott American brands due to tariffs, impacting global sales.