The markets are going to boom, the stock is going to boom, the country is going to boom,” Trump told reporters Thursday afternoon, saying the reaction to his policies is “going very well.”

The whole U.S. stock market is feeling the pain from the sweeping new tariffs that President Trump announced Wednesday after the market closed.

The entire stock market has been thrown into turmoil following President Donald Trump's implementation of across-the-board "reciprocal" tariffs on April 2. Trump waited until after the markets closed on Wednesday so the full force of his tariffs announcement wasn't felt until the following day.

Trump’s sweeping tariffs have sent tech stocks tumbling. On Wednesday, the U.S. president announced blanket 10% tariffs on all countries, sparking fears of supply chain chaos and concerns about the U.

The iPhone maker spent years trying to move production of some products out of China to avoid tariffs. But now that may not matter.

Apple has made moves to diversify its supply chain beyond China to places like India and Vietnam, but tariffs announced by the White House are set to hit those countries too. President Donald Trump on Wednesday laid out U.

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.

Shares of Apple were down about 9 percent on Thursday morning, which would mark the biggest drop in about five years if it holds until the close, according to CNBC. Amazon shares dropped about 7 percent.

President Trump's new tariffs go far beyond China, and hit every nation in the world. Here's how badly Apple has been hit, and where it has been struck globally.