The impact of "equivalent tariffs" has caused the global stock market value to shrink by 10 trillion US dollars

According to Bloomberg statistics, the United States' announcement of so-called "reciprocal tariffs" has severely impacted the international capital market. Since the 3rd of this month, the global stock market value has shrunk by $10 trillion, slightly more than half of EU's GDP. Among them, the U.S. stock market itself suffered heavy losses, with a total evaporation of about $1.65 trillion in value from seven major tech giants during this period. Among them, Apple's share price has fallen nearly 23% over the past four trading days due to its product manufacturing highly dependent on U.S overseas supply chains.