By Chelsey Dulaney
The Magnificent Seven's $1.6 trillion wipeout underscores how dependent the group of once-highflying tech companies are on free trade.
Five of the seven earn the majority of their revenues from abroad, according to FactSet.
Trump's trade policy pose a variety of risks to their overseas operations. Amazon and Meta, for example, are vulnerable to a pullback by Chinese e-commerce businesses in the U.S.
Retaliation also looms large over the sector. French President Emmanuel Macron said this week that the European Union is considering retaliating against U.S. digital services--i.e. its tech giants--as well as imposing tariffs on the U.S.
Apple, already facing higher costs on hardware it sources from overseas, could also get hit by China's retaliatory tariffs on U.S. goods.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
April 05, 2025 08:40 ET (12:40 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.