Impact of President Trump's Tariff Policies on Technology Stocks

Technology stocks plummeted after President Donald Trump's new tariff policies caused market panic. Apple led the declines, with the Nasdaq Composite dropping over 5%. Other tech giants like Meta Platforms, Amazon, Nvidia, and Tesla also saw significant drops. The broader market selloff was due to fears of a global trade war following the announcement of new tariffs.

President Trump's Claims on Job Growth and Manufacturing

President Donald Trump suggested his administration is responsible for significant job growth, but made misleading statements about the economy he inherited. The February jobs report showed steady growth, with an increase of 151,000 jobs and a 4.1% unemployment rate. Trump claimed gains in auto manufacturing jobs and a domestic manufacturing boom, but the data does not fully support his claims. The impact of Trump's tariff policies on the auto industry remains unclear, with skepticism from industry watchers. Trump also compared government and private-sector job growth under his administration and Biden's, using cherry-picked statistics.

Impact of President Trump's Tariff Policies on America's Economic Growth

Ken Griffin, founder of investment firm Citadel, warns that President Trump's tariff policies could harm America's economic growth, causing uncertainty and chaos. Griffin, a Republican supporter critical of some of Trump's policies, believes the tariffs may increase the US deficit and hinder competitiveness. Business leaders express concern over the impact of Trump's U-turns on tariffs, leading to a decline in enthusiasm for his administration's pro-growth promises.