Dell, Apple Fall as Tariffs Threaten to Hit Hardware Hardest (2)

Shares of Dell Technologies Inc., Apple Inc., Sonos Inc. and HP Inc. plunged Thursday after President Donald Trump announced sweeping tariffs on imports from virtually every US trading partner, a move that threatens to increase costs, slow demand and strain global supply chains.

Levies unveiled by Trump on Wednesday strike hardest at some of the biggest centers of manufacturing for technology products used by consumers and businesses in the US, including smartphones, laptop computers and other electronics.

The global nature of the tariff rollout has undercut efforts by companies like Apple to shift production away from China — ...