Shares of Dell Technologies, Apple, Sonos, and HP fell sharply Apr. 3 after President Donald Trump announced new tariffs on imports from key US trading partners, raising concerns over higher costs and supply chain disruptions.

The new tariffs, effective after midnight on Apr. 5, will impose a 10% minimum levy on imports, with Taiwan facing 32%, South Korea 25%, China 34%, and Vietnam 46%.

These measures target major electronics manufacturing hubs, affecting companies diversifying production from China.

Dell dropped 17%, Apple 9.5%, Sonos 15%, and HP 18%.