When it comes to the tech industry, semiconductor manufacturers come out largely unscathed while e-commerce giants will see major changes that could affect what price their goods are sold.
As US President Donald Trump ramped up a trade war with virtually every country on Earth on Wednesday, including a territory inhabited solely by penguins, market uncertainty sent the stocks of Big Tech companies tumbling in major losses.
Stocks for Meta, Nvidia, Apple, and Amazon fell between 5 and 13 per cent in the aftermath of Trump’s announcement, according to Google financial data.

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Who are the real winners and losers of 'Liberation Day' tariffs?
Some companies may avoid the worst of the fallout from this announcement.
Euronews/AICEP
04th Apr 2025