Airbus deliveries fell 4% in May - report (EADSY:Pink Limited Info)

Silicon Valley and Trump's Tariffs: A Costly Connection
Silicon Valley leaders donated to President Donald Trump’s campaign or inaugural fund. They visited him at Mar-a-Lago and sat front-and-center as he was sworn into office. But in the first three months of his presidency, their wallets have taken a hit from his policies. The companies founded or run by Meta CEO Mark Zuckerberg, Apple CEO Tim Cook, Google CEO Sundar Pichai, Tesla CEO Elon Musk and Amazon founder Jeff Bezos have cumulatively lost nearly $1.8 trillion in value since the start of this year, even after markets rebounded Wednesday in response to Trump’s pause on many planned tariffs. As a result, the personal wealth of those leaders has shrunk, too.
Tech’s top brass almost certainly hoped to gain some business benefits by hitching their wagons to Trump’s — such as fewer regulations or reduced antitrust pressure. And Trump has been eager to expand the tech industry’s US footprint and cement America as a leader in artificial intelligence.
Financial Impact of Tariff Policies
But the losses across Big Tech indicate that Silicon Valley will also face a slew of new challenges in the wake of uncertainty around Trump’s tariff plans, which heavily target supply chains in Asia where tech companies source components and assemble products. Despite Trump’s pause on “reciprocal” tariffs that had been set to apply to many US trading partners, tariffs on China will increase to 125% from 104%. And while tariffs pose a direct challenge to tech giants, their economic ripple effects could also have negative implications if consumers and advertisers tighten their purse strings.
Analysts had warned that long-term reciprocal tariffs, and the resulting economic uncertainty, could shrink tech earnings by as much as 25%, according to a Sunday report from UBS. That would mark a big shift from the relatively steady profit and share price gains that Big Tech has enjoyed in recent years thanks to AI.
Analyst Insights and Company Responses
On Monday, Wedbush Securities analyst Dan Ives described Trump’s tariff policy as an “Armageddon” for the tech sector, adding that it “makes the tech investing landscape the most difficult I have seen in 25 years covering tech stocks.” Meta, Apple, Amazon, Tesla and a representative for Musk did not respond to requests for comment. Google declined to comment.
Musk’s Significant Losses
Musk has experienced the most dramatic losses. Despite donating at least $290 million to support Trump’s reelection and his involvement in the Department of Government Efficiency, the world’s richest man’s net worth has plunged $143 billion since the start of 2025, according to Bloomberg Billionaires Index data from April 8. That’s due largely to the sharp decline in Tesla shares, weighed down by Musk’s controversial work in the government, increasing competition and now, the threat of tariffs. Tesla shares fell 28% and its market capitalization dropped $376.6 billion since the start of this year, as of market close on April 9, having largely erased its post-election gains.
Musk has said tariffs could have a “significant” impact on Tesla. While Musk may be in the spotlight due to his proximity to Trump, he’s not the only CEO facing these challenges.

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