Global stock markets have been severely impacted by "reciprocal tariffs" with a market capitalization evaporating by 10 trillion dollars.

According to the Gate.io News bot and Bloomberg reports, after the United States announced the implementation of a “reciprocal tariff” policy, the global Capital Market has suffered a severe impact. Since the 3rd of this month, the global stock market’s market capitalization has shrunk by $1 trillion, a figure that exceeds half of the EU’s GDP.

The US stock market has been severely hit, with the combined market capitalization of the seven major tech giants evaporating by approximately $1.65 trillion. In particular, Apple Inc., due to its products’ heavy reliance on overseas supply chains, has seen its stock price plummet by nearly 23% over the past four trading days.