Stock Track | HP Inc Plunges 6.31% Pre-market as Trump Imposes 25% Tariffs on Tech Imports

Stock Track04-03

HP Inc (HPQ) saw its stock price plummet 6.31% in pre-market trading on Thursday, as investors reacted to news of significant tariffs imposed by the Trump administration. The sharp decline comes as a direct response to the announcement of a 25% tariff on imports, which is expected to have a substantial impact on PC and disk drive manufacturers.

The new tariffs, unveiled by President Trump, are set to affect a wide range of imported tech products and components. This move has sent shockwaves through the technology sector, with PC and disk drive makers being particularly vulnerable due to their reliance on global supply chains and imported parts.

HP Inc is not alone in facing market pressure from this development. Other major players in the tech industry are also experiencing significant pre-market drops. Dell Technologies is down 8.6%, while storage solution providers Seagate and Western Digital have seen declines of 4.7% and 5.2% respectively. These widespread losses underscore the potential far-reaching consequences of the new tariff policy on the entire tech manufacturing sector.

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