According to Amanz, Trump's tariffs announced last week means there are no company in the world with a market value of $3 trillion. Apple lost its status a day after the company's shares plunged more than 7% after the market opened. The downward trend in stock values continued today, with Tesla the worst, as its shares were down 10.42%. So, what should you know about it?

For your information, Apple became the first company to reach a market value of $3 trillion in January 2022. This was followed by Microsoft in January 2024 and NVIDIA in June 2024. But don't mourn the demise of companies with this market value because Apple, Microsoft and NVIDIA still have a value of over $2.3 trillion.

Additionally, Trump's tariffs were announced last week to retaliate against "unfairness" from other countries trading with the United States. But the data shared by the White House was inaccurate with Malaysia accused of imposing a 47% tariff on America. In addition to the global stock market plunge, the value of the world's major cryptocurrencies was also affected today, with Bitcoin, for example, falling below $77,000, which is the lowest since November 10, 2024.

We have yet to confirm other details on the news. So, we should wait for more confirmation from the authorities. Hopefully, everything will go smoothly.

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