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Retrieved on: 2025-10-10 23:29:50
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Summary
This article by StockStory examines how President Trump's threat to increase Chinese import taxes triggered widespread stock market declines, particularly impacting technology companies.
Market turbulence erupted when Trump announced potential tariff increases in response to China's rare earth mineral export restrictions. The S&P 500 dropped 1.3% while the tech-heavy Nasdaq fell 2.7% as investors worried about supply chain disruptions and rising costs. Several prominent technology stocks experienced significant declines, including data analytics company Palantir Technologies which dropped 4%, alongside similar drops in Twilio, C3.ai, and AppLovin.
Article found on: www.tradingview.com
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