Global market horror night: Why did Trump's "reciprocal tariffs" make Apple bleed?
When US macro data showed unexpected resilience, the market should have breathed a sigh of relief, but Trump's executive order completely reversed the situation. On April 2nd local time, US President Trump signed two Executive Orders, announcing the implementation of so-called "reciprocal tariffs" on global trading partners, setting a "minimum benchmark tariff" of 10%, and imposing higher tariffs on countries such as Vietnam and India.