US President Donald Trump was very clear in his election plan, as he seeks to enhance the American economy and increase its value through a set of steps at various levels. These steps included imposing new and intensive fees on imported goods.
On the morning of the third Thursday of April, the world woke up to Trump’s decision to impose new customs duties whose value varied according to the type of imported commodity and the country of origin, but they are all 10% in general, and immediately, the shares of the giant American companies began to fall and decline.
This decrease included almost all American companies, but the largest losses were the share of technical companies that exceeded their loss combined almost more than one trillion dollars, and at the forefront of these companies, Apple, which suffered the most terrible loss since the Kofid-19 epidemic, was lost overnight more than 300 billion dollars.
Feasts on all countries of the world
Initially and during his election campaign, the new Trump fees were limited to products from China, but gradually, the list expanded to include all countries surrounding the United States, as well as European countries and any country with direct trade relations with America.
According to the New York Post, Trump’s fees for goods from China reached 54% and 26% on Indian products and 46% for Vietnamese goods, and while the fees included many other countries, but these three countries were the main reason behind the loss of Apple more than 300 billion dollars or 9% of the total value of its shares.
Although Apple sits at the forefront of American companies manufactured through a set of unique technical products, the management of the company, software operations and systems and products design is only what is done in the United States, and the company relies on a group of different factories around the world to build its phones and products in general.
Because of the various economic turmoil between the United States and China, Apple was trying to move to other factories in friendly countries, such as the new Indian factories of the company that produced more than 12.5 million iPhone devices last year, with plans to reach twice this production by the end of 2025, as well as other factories that participate in the production of necessary pieces of the phone in Japan, South Korea, Taiwan and Vietnam as well, which are all countries subject to new fees that are raised Certainly, the iPhone price in the coming years.
Great technical depression
Apple was not alone in its losses, as “Invidia”, which lost 7.8% of its total market value or approximately 210 billion dollars, was caught by Amazon with losses of $ 187 billion or the equivalent of 9%, which is the same percentage that was lost as well.
All of these companies lost a large percentage of their value due to fears of the new fees and the performance of companies in the American market after these fees, while the dependence of these companies on manufacturing outside the United States is small compared to Apple, but their losses are not less than them.
Despite the position of Elon Musk, close to the US government and Donald Trump in particular, Tesla was not fortunate than others, as the company lost $ 11 billion after announcing the new fees in what is a continuation of the series of losses that Tesla has been going through since Trump took over and entered the White House mask.
Stock Exchange losses extended to all manufacturers that depend on external factories to build their products, and it is estimated that the global stock market lost more than $ 2 trillion in the Standard & Poor’s 500 index after the application of the fees decision, which experts describe as the revival of the great depression that occurred in 1920.
An official conflicting position
White House employees indicated on more than one occasion that President Trump is not ready to discuss the fees proposed by his administration, although the president personally indicated the possibility of discussing these drawings if the products provided are worth this discussion.
Away from the broad economic impact of these fees and losses that affected almost all companies, the Trump government managed to make hostility with all countries of the world in a few months, as the majority of international countries imposed similar fees on goods imported from the United States, in a full closure of American markets by narrowing the screws on import and export together at the same time.
Does the response come from technical companies?
The new period of US President Donald Trump came with a large group of fears, including fears of Trump’s document relationship with technical companies and their heads, as Trump showed this relationship on more than one occasion, the most prominent of which was the inauguration ceremony.
All technical companies that witnessed losses due to these fees were donated in favor of the inauguration ceremony, as attended by their heads in the first row of attendance, and this is in addition to the closed meetings that took place between Trump and all technical companies and resulted in a set of changes in the policy of these companies, such as Google changed the name “Gulf of Mexico” to become the “American Gulf” and change the mechanism of content control by Mita.
Despite this relationship, Facebook, Google and Apple were senior losers after the decision of the new fees, without any official statement or statement from the management of these companies on their position on the new fees and the mechanism of adapting to it.
Will technology men intervene to pressure Trump to change the new fees law and exclude or reduce some products? Or do these drawings remain in a way that constantly foreshadows this depression in the American market?
