APA Corporation experienced a decline in stock prices due to poor investor sentiment, despite a broader market recovery fueled by interest in AI-related sectors. The second quarter of 2025 was marked by extremes, including an initial market sell-off triggered by the “Liberation Day” tariff announcement.

In a decisive move, the Federal Trade Court has blocked the implementation of the ‘Liberation Day’ tariffs associated with former President Trump. The court emphasized that the Constitution grants Congress—not the executive branch—the exclusive power to impose taxes and duties.

U.S. Treasury Secretary Scott Bessent warned that steep ‘liberation day’ tariffs may soon return, potentially impacting America’s trading partners, while dismissing Moody’s recent credit rating downgrade.