Trump's tariffs could hit Amazon and Meta hard because of their reliance on Chinese advertisers. Here's how other companies could be impacted.

The technology sector experienced significant losses following substantial reciprocal tariffs imposed by US President Donald Trump. Notable companies like Apple, Microsoft, Google parent Alphabet, and Amazon saw massive declines in market value,

Amazon and other e-commerce stocks slid Thursday amid a market rout after President Donald Trump announced plans for tariffs on most imports. Trump also plans to end a duty exemption on small imports that had benefited discount e-commerce platforms with China-based sellers such as Temu and Shein.

President Donald Trump on Inauguration Day gave the platform a reprieve, barreling past a law that had been upheld unanimously by the Supreme Court, which said the ban was necessary for national security.

If reports are to go by, TikTok America will be 50 per cent owned by the new US investors. ByteDance will retain 19.9 per cent stake in the new company.

Dow Jones futures fell slightly overnight, after the Dow, S&P 500 and Nasdaq suffered their worst one-day declines since 2020. The March employment report and Federal Reserve Chairman Jerome Powell are on tap Friday.