Dell Technologies Inc. (NYSE:DELL) shares are trading lower Friday after President Donald Trump declared a national emergency and introduced sweeping new tariffs targeting several major U.S. trade partners on Wednesday.

What To Know: Trump used emergency powers under the International Emergency Economic Powers Act of 1977 to justify the move, aiming to slash the $1.2 trillion U.S. trade deficit. The White House described the action as a defense of American workers and a reassertion of fair trade rules.

Details on the full tariff list were outlined in a White House fact sheet, but even before the specifics fully landed, markets reacted to the broad scope and tone of the announcement. Tech stocks, including hardware makers like Dell, were hit hard as investors anticipated higher import costs and possible retaliatory tariffs from affected countries.

Dell's drop may reflect concerns about exposure to foreign suppliers and the risk of rising component prices if trade barriers tighten further.

DELL Price Action: Dell Technologies shares were down 7.3% at $71.58 at the time of writing, according to Benzinga Pro.

Read Next:

• Nasdaq 100 Enters Bear Market, Dow In Correction Territory, Traders Await Fed Chair Powell’s Remarks

Image Via Shutterstock.