Four of the five major tech companies represented at President Trump's inauguration have seen their share prices decline in 2025, including Tesla, which has taken a 30% hit

Stocks racked up more losses on Wall Street Tuesday as a trade war between the U.S. and its key trading partners escalated, although a bounce back in technology stocks eased some of the pain.

The hope on Wall Street is that Trump is using the threat of tariffs as a tool for negotiations and that he’ll ultimately go through with policies that would mean less damage for the global economy and trade. Tariffs could raise prices on everyday items even more for U.S. households, when high inflation has proven to be stubborn to subdue fully.