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WSJ Tech News Briefing

TNB Tech Minute: Tech Companies Lose Billions in Market Value

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 3 April 2025

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, France’s president weighs retaliating against U.S. digital services. And China and the EU agree to restart negotiations on electric-vehicle tariffs. Victoria Craig hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:31.4

Here's your TNB Tech Minute for Thursday, April 3rd. I'm Victoria Craig for the Wall Street Journal.

0:37.2

The tech-heavy NASDAQ, which has

0:38.7

powered Wall Street higher for years, is now the one bringing it down. The index dropped 6% led by

0:45.4

big declines in Apple, Meta, and Amazon. Investors are fretting about the impact of President

0:51.0

Trump's latest batch of sweeping tariffs and how that could affect the

0:55.2

ability of some of the world's biggest tech companies to do business outside the U.S.

1:00.9

Combined, Apple, NVIDIA, Amazon, MEDA, and Broadcom shed hundreds of billions of dollars in market

1:07.3

value as Wall Street notched its worst day in more than two years.

1:11.9

Meanwhile, French President Emmanuel Macron isn't ruling out causing America's tech giants

1:16.8

some pain as payback for tariffs imposed on the European Union.

1:21.0

He said today all the instruments are on the table as Europe considers a multi-pronged response

1:26.1

to Trump's tariffs that could include targeting U.S. digital services,

1:30.3

which he said are very profitable in Europe. The bloc is also considering levying its own tariffs against America.

1:37.3

And the EU and China have agreed to restart trade negotiations on electric vehicles.

1:43.3

Beijing said talks will begin as soon as

1:45.6

possible and aim to foster a good environment for both sides to invest and work together. The trading

1:51.8

relationship between China and the EU has been tense for a while. Last year, Europe raised its

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