TNB Tech Minute: Tech Companies Lose Billions in Market Value
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Here's your TNB Tech Minute for Thursday, April 3rd. I'm Victoria Craig for The Wall Street Journal. The tech-heavy Nasdaq, which has powered Wall Street higher for years, is now the one bringing it down. The index dropped 6 percent, led by big declines in Apple, Meta and Amazon. Investors are fretting about the impact of President Trump's latest batch of sweeping tariffs.

and how that could affect the ability of some of the world's biggest tech companies to do business outside the U.S. Combined, Apple, Nvidia, Amazon, Meta, and Broadcom shed hundreds of billions of dollars in market value as Wall Street notched its worst day in more than two years.

Meanwhile, French President Emmanuel Macron isn't ruling out causing America's tech giants some pain as payback for tariffs imposed on the European Union. He said today all the instruments are on the table as Europe considers a multi-pronged response to Trump's tariffs that could include targeting U.S. digital services, which he said are very profitable in Europe. The bloc is also considering levying its own tariffs against America. And the EU

The EU and China have agreed to restart trade negotiations on electric vehicles. Beijing said talks will begin as soon as possible and aim to foster a good environment for both sides to invest and work together. The trading relationship between China and the EU has been tense for a while. Last year, Europe raised its tariffs on EVs made in China that were later challenged at the European Court of Justice.

The thaw in relations comes after President Trump said the U.S. will impose an additional 34 percent tariff on Chinese goods and a 20 percent duty on EU ones. A separate 25 percent tariff on global auto imports has also gone into effect. For a deeper dive into the impact the Trump administration's tariffs could have on America's tech titans, check out Friday's Tech News Briefing podcast. This episode is brought to you by Charles Schwab.

Decisions made in Washington can affect your portfolio every day. But what policy changes should investors be watching? Washington Wise is an original podcast for investors from Charles Schwab that unpacks the stories making news in Washington and how they may affect your finances and portfolio. Listen at schwab.com slash Washington Wise.