Stock Track | HP Inc Plunges 6.31% Pre-market as Trump's 25% Tariffs Hit Tech Hardware Sector

Stock Track04-03

HP Inc (HPQ) shares plummeted 6.31% in pre-market trading on Thursday, as the tech hardware sector reels from the announcement of new tariffs imposed by the Trump administration. The U.S. government has slapped a 25% tariff on imports, significantly impacting PC and disk drive manufacturers.

The tariff news has sent shockwaves through the tech hardware industry, with several major players experiencing substantial pre-market drops. Dell led the decline with an 8.6% fall, while Seagate and Western Digital saw their shares sink by 4.7% and 5.2% respectively. HP Inc's 6.31% drop places it firmly within this trend of sector-wide losses.

These steep declines reflect investors' concerns about the potential impact of the tariffs on the companies' supply chains and production costs. As many tech hardware firms rely heavily on imported components or overseas manufacturing, the 25% tariff could significantly increase their operational expenses, potentially leading to reduced profit margins or higher prices for consumers. The market's pre-market reaction suggests that traders are bracing for a challenging period ahead for HP Inc and its industry peers as they navigate this new trade landscape.

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