<ul><li>Apple's stock dropped almost 6% following President Trump's announcement of new tariffs on imported goods, affecting tech stocks in general.</li><li>Major tech companies such as Alphabet, Amazon, and Meta also experienced stock declines, with the Nasdaq 100 losing more than 3%.</li><li>The majority of Apple's revenue relies on devices manufactured in China and other Asian countries, making them vulnerable to the new tariffs.</li><li>President Trump praised Apple, Meta, and Nvidia for their investments in the US during his speech announcing the tariffs.</li></ul>

Apple leads drop in tech stocks after Trump tariff announcement

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