{"id":3909,"date":"2025-04-16T02:15:24","date_gmt":"2025-04-16T02:15:24","guid":{"rendered":"https:\/\/nationalgunowner.org\/index.php\/2025\/04\/16\/how-are-the-magnificent-seven-faring-amid-trumps-tariffs\/"},"modified":"2025-04-16T02:15:40","modified_gmt":"2025-04-16T02:15:40","slug":"how-are-the-magnificent-seven-faring-amid-trumps-tariffs","status":"publish","type":"post","link":"https:\/\/nationalgunowner.org\/index.php\/2025\/04\/16\/how-are-the-magnificent-seven-faring-amid-trumps-tariffs\/","title":{"rendered":"How Are the \u2018Magnificent Seven\u2019 Faring Amid Trump\u2019s Tariffs?"},"content":{"rendered":"<div itemprop=\"articleBody\">\n<figure id=\"attachment_1546229\" aria-describedby=\"caption-attachment-1546229\" style=\"width: 970px\" class=\"wp-caption alignnone\"><figcaption id=\"caption-attachment-1546229\" class=\"wp-caption-text\">Apple shares rose in response to Trump\u2019s latest announcement of China tariff exemptions. <span class=\"media-credit\">Ying Tang\/NurPhoto via Getty Images<\/span><\/figcaption><\/figure>\n<p>To say it\u2019s been two tumultuous weeks for the group of tech stocks dubbed the \u201cMagnificent Seven\u201d would be an understatement. Shares in Apple, <a href=\"https:\/\/observer.com\/company\/microsoft\/\" title=\"Microsoft\" class=\"company-link\">Microsoft (MSFT)<\/a>, <a href=\"https:\/\/observer.com\/company\/nvidia\/\" title=\"Nvidia\" class=\"company-link\">Nvidia (NVDA)<\/a>, <a href=\"https:\/\/observer.com\/company\/alphabet\/\" title=\"Alphabet\" class=\"company-link\">Alphabet (GOOGL)<\/a>, <a href=\"https:\/\/observer.com\/company\/amazon\/\" title=\"Amazon\" class=\"company-link\">Amazon (AMZN)<\/a>, <a href=\"https:\/\/observer.com\/company\/meta\/\" title=\"Meta\" class=\"company-link\">Meta (META)<\/a> and Nvidia have swung wildly in recent days as investors react to President <a href=\"https:\/\/observer.com\/person\/donald-trump\/\" title=\"Donald Trump\" class=\"company-link\">Donald Trump<\/a>\u2019s volatile tariff announcements.<\/p>\n<section class=\"wp-block-observer-newsletters observer-newsletters--in-content\">\n<\/section>\n<p>The Magnificent Seven fell sharply on April 2 after Trump unveiled his so-called \u201cLiberation Day\u201d tariffs, which enacted a blanket 10 percent levy and higher \u201creciprocal\u201d tariffs for the U.S.\u2019s largest trading partners. That same day, 25 percent levies on imported autos and auto parts also went into effect\u2014causing a selloff across automobile stocks. Shortly after those reciprocal tariffs took effect, on April 9, the President announced that he would pause them for 90 days\u2014except for China, whose tariffs were raised to 145 percent. Two days later, the administration said smartphones and a list of electronics manufactured in China would be exempt from the high tariffs.<\/p>\n<p>The chaos has understandably caused tech stocks to ricochet. While the Magnificent Seven companies are particularly vulnerable to tariffs since <a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/am.jpmorgan.com\/us\/en\/asset-management\/adv\/insights\/market-insights\/market-updates\/on-the-minds-of-investors\/how-vulnerable-is-mega-cap-tech-to-tariff-turmoil\/\" data-lasso-id=\"2735174\">three-quarters of their suppliers are located abroad<\/a>, some have more to lose than others. Apple, for example, r<a href=\"https:\/\/observer.com\/2025\/04\/iphone-price-trump-china-tariff\/\" data-lasso-id=\"2735175\">elies on China for the bulk of its iPhone production,<\/a> while Amazon\u2019s e-commerce business sources heavily from overseas.<\/p>\n<p>Here\u2019s a look at how the Magnificent Seven has fared in recent days:<\/p>\n<p><iframe title=\"Magnificent 7 Stocks Since April 2\" aria-label=\"Interactive line chart\" id=\"datawrapper-chart-f23HH\" src=\"https:\/\/datawrapper.dwcdn.net\/f23HH\/2\/\" scrolling=\"no\" frameborder=\"0\" style=\"width: 0; min-width: 100% !important; border: none;\" height=\"415\" data-external=\"1\"><\/iframe><\/p>\n<h3>Apple: down 10 percent since April 2<\/h3>\n<p>Apple\u2019s hardware-centric business makes it especially vulnerable to trade barriers. The iPhone maker\u2019s share price fell 23 percent in the days following April 2. Its shares rebounded on April 9 along with the broader market after Trump\u2019s 90-day reprieve spared manufacturing hubs like India, which produces 15 percent of all iPhones, from high tariffs. Apple shares jumped again today (April 14) after most of its products were exempt from tariffs imposed on China, which currently produces around 90 percent of iPhones.<\/p>\n<h3>Microsoft: up 1.6 percent since April 2<\/h3>\n<article class=\"text-token-text-primary w-full\" dir=\"auto\" data-testid=\"conversation-turn-2\" data-scroll-anchor=\"true\">\n<div class=\"text-base my-auto mx-auto py-5 [--thread-content-margin:--spacing(4)] @[37rem]:[--thread-content-margin:--spacing(6)] @[70rem]:[--thread-content-margin:--spacing(12)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:32rem] @[34rem]:[--thread-content-max-width:40rem] @[64rem]:[--thread-content-max-width:48rem] mx-auto flex max-w-(--thread-content-max-width) flex-1 text-base gap-4 md:gap-5 lg:gap-6 group\/turn-messages focus-visible:outline-hidden\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"relative flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"a663f771-d7d9-4f9b-8c59-ffb11a549ead\" data-message-model-slug=\"gpt-4o\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light\">\n<p class=\"\" data-start=\"0\" data-end=\"553\">Like the rest of the Magnificent Seven, Microsoft took a hit after Trump\u2019s initial wave of global tariffs but regained ground following the president\u2019s temporary pause. The software giant is less exposed to trade shocks than its tech peers, thanks to a business model that leans heavily on software products. The Microsoft division that produces hardware like Surface devices and Xbox consoles made up just 21 percent of revenue, according to its latest earnings report. That cushion has helped insulate Microsoft from the volatility hammering more hardware-heavy firms.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<h3>Nvidia: up 1.8 percent since April 2<\/h3>\n<article class=\"text-token-text-primary w-full\" dir=\"auto\" data-testid=\"conversation-turn-4\" data-scroll-anchor=\"true\">\n<div class=\"text-base my-auto mx-auto py-5 [--thread-content-margin:--spacing(4)] @[37rem]:[--thread-content-margin:--spacing(6)] @[70rem]:[--thread-content-margin:--spacing(12)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:32rem] @[34rem]:[--thread-content-max-width:40rem] @[64rem]:[--thread-content-max-width:48rem] mx-auto flex max-w-(--thread-content-max-width) flex-1 text-base gap-4 md:gap-5 lg:gap-6 group\/turn-messages focus-visible:outline-hidden\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"relative flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"d368c6aa-2404-4589-9ab1-0b980022a188\" data-message-model-slug=\"gpt-4o\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light\">\n<p class=\"\" data-start=\"0\" data-end=\"482\">Nvidia shares, which slid alongside the market after the initial tariff news, rebounded after Trump exempted certain computer components from China tariffs. But the rally may be short-lived, as the chipmaker faces tariffs on semiconductor imports, which Trump says are on the way. (Nvidia chips are primarily made in Taiwan.) In a bid to get ahead of such levies, Nvidia today announced plans today to pour up to $500 billion over the next four years into domestic A.I. chip production.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<h3>Amazon: down 8 percent since April 2<\/h3>\n<p>Amazon\u2019s shares have fallen by a total of 7 percent in the past dozen days. Trump\u2019s tariffs, especially his levies on China, are expected to hit the e-commerce giant hard as up to 70 percent of goods sold on Amazon are sourced from China. But Amazon isn\u2019t completely reliant on e-commerce\u2014its cloud unit AWS accounts for around half the company\u2019s profits and won\u2019t be as impacted by the administration\u2019s levies as Amazon\u2019s physical goods business.<\/p>\n<h3>Meta: down 9 percent since April 2<\/h3>\n<article class=\"text-token-text-primary w-full\" dir=\"auto\" data-testid=\"conversation-turn-6\" data-scroll-anchor=\"true\">\n<div class=\"text-base my-auto mx-auto py-5 [--thread-content-margin:--spacing(4)] @[37rem]:[--thread-content-margin:--spacing(6)] @[70rem]:[--thread-content-margin:--spacing(12)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:32rem] @[34rem]:[--thread-content-max-width:40rem] @[64rem]:[--thread-content-max-width:48rem] mx-auto flex max-w-(--thread-content-max-width) flex-1 text-base gap-4 md:gap-5 lg:gap-6 group\/turn-messages focus-visible:outline-hidden\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"relative flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"4011a507-6933-477b-bacb-e2821dfb5539\" data-message-model-slug=\"gpt-4o\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light\">\n<p class=\"\" data-start=\"0\" data-end=\"539\">Meta may not rely heavily on hardware like some of its tech rivals, but that didn\u2019t spare its stock from a steep drop\u2014down more than 13 percent in just two days after April 2. Shares bounced back with the rest of the Magnificent Seven after Trump\u2019s 90-day reprieve, but the threat still looms. The company\u2019s core business\u2014selling digital ads, many of them from foreign brands\u2014stands to take a hit if <a target=\"_blank\" rel=\"noopener\" href=\"https:\/\/www.nytimes.com\/2025\/04\/04\/technology\/trump-tariffs-meta.html\" data-lasso-id=\"2735176\">global tariffs squeeze international marketing budgets<\/a>. Even without a direct hardware link, Meta is far from immune to the ripple effects. (Meta\u2019s Quest VR headsets are manufactured in Taiwan.)<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<h3>Alphabet: up 1 percent since April 2<\/h3>\n<p>Like Meta, the Google parent company\u2019s revenue primarily comes from advertising and software services. Its share price has been less volatile than some of its Big Tech peers, down 7 percent after \u201cLiberation Day\u201d and rebounded 10 percent after the reprieve was announced.<\/p>\n<h3>Tesla: down 12 percent since April 2<\/h3>\n<article class=\"text-token-text-primary w-full\" dir=\"auto\" data-testid=\"conversation-turn-10\" data-scroll-anchor=\"true\">\n<div class=\"text-base my-auto mx-auto py-5 [--thread-content-margin:--spacing(4)] @[37rem]:[--thread-content-margin:--spacing(6)] @[70rem]:[--thread-content-margin:--spacing(12)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:32rem] @[34rem]:[--thread-content-max-width:40rem] @[64rem]:[--thread-content-max-width:48rem] mx-auto flex max-w-(--thread-content-max-width) flex-1 text-base gap-4 md:gap-5 lg:gap-6 group\/turn-messages focus-visible:outline-hidden\">\n<div class=\"group\/conversation-turn relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"relative flex-col gap-1 md:gap-3\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"33d66a0e-d57a-4401-ac4d-8c679e853fe7\" data-message-model-slug=\"gpt-4o\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden first:pt-[3px]\">\n<div class=\"markdown prose dark:prose-invert w-full break-words light\">\n<p class=\"\" data-start=\"0\" data-end=\"739\">Tesla may build its cars in the U.S., but that wasn\u2019t enough to shield the automaker from fallout. While the company dodged the administration\u2019s 25 percent tariff on imported vehicles, it wasn\u2019t as lucky with car parts\u2014<a href=\"https:\/\/observer.com\/2025\/03\/tesla-trump-auto-tariff\/\" data-lasso-id=\"2735177\">30 to 40 percent of which are sourced from abroad<\/a> and now face added levies.<\/p>\n<p class=\"\" data-start=\"0\" data-end=\"739\"><a href=\"https:\/\/observer.com\/company\/tesla\/\" title=\"Tesla\" class=\"company-link\">Tesla (TSLA)<\/a> shares have slid more than 10 percent over the past two weeks, dragged down not just by tariff concerns but also by growing public backlash to <a href=\"https:\/\/observer.com\/person\/elon-musk\/\" title=\"Elon Musk\" class=\"company-link\">Elon Musk<\/a>\u2019s controversial role as head of the Trump administration\u2019s Department of Government Efficiency (DOGE). Meanwhile, the company has suspended new orders for its American-made Model S and Model X vehicles in China, which currently has a 125 percent retaliatory tariff against U.S. goods.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<p>\t\t\t\t<img decoding=\"async\" itemprop=\"image\" src=\"https:\/\/observer.com\/wp-content\/uploads\/sites\/2\/2025\/04\/GettyImages-2209483440.jpg?quality=80&amp;w=970\" alt=\"How Are the \u2018Magnificent 7\u2019 Companies Faring Amid Trump\u2019s Tariffs?\" style=\"display:none;width:0;\"\/><\/p><\/div>\n<p><script>\n\t!function(f,b,e,v,n,t,s)\n\t{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\n\t\tn.callMethod.apply(n,arguments):n.queue.push(arguments)};\n\t\tif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\n\t\tn.queue=[];t=b.createElement(e);t.async=!0;\n\t\tt.src=v;s=b.getElementsByTagName(e)[0];\n\t\ts.parentNode.insertBefore(t,s)}(window, document,'script',\n\t\t'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n\tfbq('init', '618909876214345');\n\tfbq('track', 'PageView');\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Apple shares rose in response to Trump\u2019s latest announcement of China tariff exemptions. Ying Tang\/NurPhoto via Getty Images To say it\u2019s been two tumultuous weeks for the group of tech stocks dubbed the \u201cMagnificent Seven\u201d would be an understatement. Shares in Apple, Microsoft (MSFT), Nvidia (NVDA), Alphabet (GOOGL), Amazon (AMZN), Meta (META) and Nvidia have [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-3909","post","type-post","status-publish","format-standard","has-post-thumbnail","category-usa-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/nationalgunowner.org\/index.php\/wp-json\/wp\/v2\/posts\/3909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalgunowner.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalgunowner.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalgunowner.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalgunowner.org\/index.php\/wp-json\/wp\/v2\/comments?post=3909"}],"version-history":[{"count":1,"href":"https:\/\/nationalgunowner.org\/index.php\/wp-json\/wp\/v2\/posts\/3909\/revisions"}],"predecessor-version":[{"id":3911,"href":"https:\/\/nationalgunowner.org\/index.php\/wp-json\/wp\/v2\/posts\/3909\/revisions\/3911"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalgunowner.org\/index.php\/wp-json\/wp\/v2\/media\/3910"}],"wp:attachment":[{"href":"https:\/\/nationalgunowner.org\/index.php\/wp-json\/wp\/v2\/media?parent=3909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalgunowner.org\/index.php\/wp-json\/wp\/v2\/categories?post=3909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalgunowner.org\/index.php\/wp-json\/wp\/v2\/tags?post=3909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}