Apple faces its largest decline since 2020, leading the race of significant drops in technology stocks as President Donald Trump announced a 10% tariff on all imported goods and higher duties targeting specific countries,

Apple (AAPL) shares dropped by about 8 percent in early trading Thursday after new tariffs announced by the Trump administration targeted countries where the tech titan produces its products. The stock decline was part of a broader sell-off that saw the S&P 500 down more than 4 percent and the Nasdaq down nearly 6 percent.

On the second of the month, the Trump administration detailed a staggering 34% tariff rate for imports from China, which represents a primary location for Apple's production. However, the concern doesn’t stop there.

U.S. tech heavyweights, banks and oil majors fell sharply on Friday after China retaliated to Trump's tariffs with steep duties, amplifying worries of a global economic downturn.

The company counts on the sale of devices for three-quarters of its nearly $400 billion in annual revenue, and it makes almost all of its iPhones, iPads and Macs overseas.

U.S. futures indexes fell sharply early on Thursday, led by a deep slide in major tech stocks, while global markets also faced a major selloff after President Donald Trump’s sweeping reciprocal tariffs raised fears of a global trade war and recession.

U.S. stock markets plummeted after the opening bell Thursday, as investors registered shock at President Donald Trump's sweeping retaliatory tariffs.

Stock markets continued to fall Friday as traders reacted to President Donald Trump's announced tariffs and the global response.

Wall Street nosedived for a second straight day on Friday, confirming the Nasdaq Composite was in a bear market and the Dow Jones Industrial Average was in a correction, as an escalating global trade war spurred the biggest losses since the pandemic.

S&P 500 companies lost a combined $2.4 trillion in stock market value in Thursday's selloff on Wall Street, their biggest one-day loss in value since the emerging coronavirus pandemic sent global markets into a tailspin on March 16,

President Trump's new tariffs send shockwaves through global markets as a trade war unfolds. Follow along for live updates on stocks and the Dow, Nasdaq and the S&P 500 are reacting to the latest tariffs news.

U.S. stocks plunged at the open on Thursday, with the Dow at one point falling by more than 1,200 points, as President Donald Trump's latest tariffs roiled global markets. Trump announced a bevy of new tariffs on Wednesday afternoon,

U.S. stocks nosedived in the first hours of trading on Thursday, with the Dow tumbling over 1,200 points as President

Prices fell for everything from crude oil to Big Tech stocks to small companies that invest only in U.S. real estate. Even gold pulled lower.

Wall Street is on track for another day of crushing losses Friday after China responded to Trump's latest set of tariffs with some of their own.