eBay (EBAY) stock tumbled 5.02% during intraday trading on Friday, as investors reacted to President Trump's newly announced tariffs, which were larger than anticipated. The e-commerce giant's shares joined a broader selloff in the technology and internet sectors, with the market bracing for potential economic headwinds.

The tariffs are seen as "a direct negative" for discretionary retail sales and advertising, according to a report from Bank of America. For eBay, which operates a global online marketplace, the impact could be significant. The company's business model relies heavily on consumer discretionary spending and cross-border trade, both of which could be adversely affected by the escalating trade tensions and potential economic slowdown.

eBay is not alone in facing these challenges. Other major internet and e-commerce companies, including Amazon (AMZN), Booking Holdings (BKNG), and Etsy (ETSY), are also feeling the pressure. Analysts warn that the potential for increasing recession fears fueled by the tariffs are "a relative negative for the entire Internet sector." The only silver lining, as noted by some analysts, is that the proposed tariff rates could be viewed as a negotiation tool and may not be fully implemented.