Apple plummets on Trump tariffs
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MacRumors |
The tariffs will significantly impact Apple's supply chain, with iPhones and other products imported to the U.S. from China, India, and Vietnam set to face 54%, 26%, and 46% tariffs, respectively.
Reuters |
The global stock market carnage that followed U.S. President Donald Trump's sweeping new tariffs rippled through early trading in the United States, slamming a wide swath of key industries including ...
Wall Street Journal |
Apple’s costs are about to go way up thanks to tariffs.
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While the extent of the tariffs and the unpredictable nature of reactions to them makes the future hard to see, Apple’s leadership is shrewd. They’ll have read The Art of War enough times to understand the need to preserve what resources they do possess and use what defensive opportunities they can exploit.
9hon MSN
The iPhone maker faced its biggest one-day drop in five years as investors panicked over Donald Trump's heavy tariffs on its supply chain hubs.
1h
Irish Star on MSNApple loses $311B in a single day after Trump's new tariffs crush stock valueApple's stock reportedly closed down 9.4%, wiping out $311 billion in market value, a day after President Donald Trump signed his long-sought retaliatory tariffs into effect
Investors are clearly concerned about the impact tariffs might have on Apple, which at one point on Thursday was having its worst trading day in five years. Bank of America analyst Wamsi Mohan on Thursday morning cut his price target on Apple from $265 to $250, though he maintained his buy rating on the stock.
Apple stock dropped 4% in early Friday trading, broadly following yesterday's trend after China announced reciprocal tariffs in response to
Shares of Dell Technologies Inc., Apple Inc., Sonos Inc. and HP Inc. plunged Thursday after President Donald Trump announced sweeping tariffs on imports from virtually every US trading partner, a move that threatens to increase costs,
One restaurant owner worried about tariffs pushing up food prices said such costs are "coming right off my bottom line."