Tariffs Slam US Stocks: Apple, Nike, GM, Boeing, Caterpillar, and Intel Face the Brunt

China's 84% tariffs on US goods are expected to hit major US companies, including Apple, Nike, General Motors, and Boeing, particularly hard. Tariffs on these companies' production and sales in China could lead to increased costs, margin pressure, and a potential demand collapse. Economists warn that the tariffs could trigger a US recession, wiping out 2 million jobs and cutting household incomes by $5,000. Investors are repositioning in response to the new trade friction.