Tech stocks like Apple, Amazon, and Nvidia have been hit especially hard by Trump's tariffs. On Wednesday, for example, Apple stock fell 9.2 percent. Other tech stocks, such as Microsoft, were down between 2 percent and 9 percent.

Between new and existing tariffs added by the Trump administration this year, a near-$1 trillion trade wall has been built around the U.S. Companies across the economy, which pay the tariffs, will be shelling out between $1 billion-$2 billion per day.