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China hikes tariffs on U.S. goods, Magnificent Seven stocks fall

Published 11/04/2025, 10:20
© Reuters.
MSFT
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GOOGL
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AAPL
1.58%
AMZN
1.39%
NVDA
-0.88%
TSLA
-0.47%
META
-1.26%

Investing.com -- The Magnificent Seven stocks, a group of leading U.S. tech companies, experienced a mixed reaction in premarket trading on Friday following China's decision to increase tariffs on all U.S. goods from 84% to 125%.

The Magnificent Seven stocks include Tesla (NASDAQ:TSLA), Amazon (NASDAQ:AMZN), Meta (NASDAQ:META), Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), and Nvidia (NASDAQ:NVDA). Tesla witnessed a decline of 2.0% in its shares.

Amazon, Meta, and Apple also edged lower, while Alphabet, Microsoft, and Nvidia remained largely unchanged.

The Bloomberg Magnificent 7 index, which is an equal-weighted measure of these seven stocks, has seen a decrease of 19% this year.

This comes after the index experienced a significant rise of 67% in 2024. The index's performance is closely watched as a barometer of the health of the U.S. tech sector.

The increase in tariffs by China is part of an ongoing trade dispute between the two largest economies in the world.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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