U.S. stocks plummet $740 billion as anti-Trump sentiment rises – Financial Mirror

President Donald Trump’s trade policies and tariff wars have sparked a rise in anti-American sentiment globally, leading to a decline in America’s favorability in 38 out of 42 countries surveyed. Markets in Canada and Europe have witnessed significant downturns as a result of this growing hostility towards the United States. However, this wave of anti-U.S. sentiment has not only impacted America’s reputation but has also dealt a severe blow to American brands, resulting in substantial financial losses.

Recent data from AltIndex.com reveals that seven prominent U.S. brands have collectively lost a staggering $740 billion in stock market value within just six weeks. These losses have been attributed to the backlash against American brands as consumers worldwide express their dissatisfaction with President Trump’s trade policies. The average favorability of the United States has dropped by approximately 20 points since January, with consumers in various countries boycotting U.S. brands in protest.

A survey conducted by Axios based on over 19 million articles reviewed in 2024 and the first quarter of 2025 found that 12 out of 16 U.S. brands experienced a significant decline in global sentiment following President Trump’s inauguration. FedEx, Chevron, and WB/Discovery were hit the hardest, with their global sentiment plummeting by over 30% each. Coca-Cola and Tesla also saw substantial declines in sentiment, with drops of 28% and 23%, respectively.

Tech giant Nvidia experienced an 18% decline in sentiment, while Starbucks and Amazon saw decreases of 6% and 4%, respectively. Other major companies such as Walt Disney, Walmart, Google’s parent company Alphabet, and Uber also witnessed a decline in global sentiment ranging between 1% to 10%. This reputational damage was swiftly followed by enormous stock market losses.

According to AltIndex analysis, the seven most affected U.S. brands collectively suffered a market value decline of over $740 billion in a span of just six weeks. Notably, Nvidia, Amazon, and Tesla were among the biggest losers, with losses amounting to $310 billion, $200 billion, and $125 billion, respectively. The remaining companies in the group experienced relatively smaller losses, with Chevron losing $44.2 billion, Starbucks $36.4 billion, and FedEx and Warner Bros/Discovery shedding around $13 billion each.

Surprisingly, Coca-Cola was the only major U.S. brand to buck the trend of declining sentiment while seeing an increase in stock value. Despite enduring a significant 28% drop in sentiment, Coca-Cola’s stock value rose by $2 billion over the past month and a half. On the flip side, only four surveyed U.S. companies witnessed an increase in global sentiment this year, with McDonald’s leading the pack. McDonald’s sentiment surged by 32%, outstripping Facebook’s parent company Meta, whose gain was limited to 11%. Other winners include OpenAI and Apple, with sentiment increases of 6% and 5%, respectively.