The article discusses the adverse effects of the recent global tariffs imposed by President Trump on Apple Inc., highlighting the company's attempts to reduce reliance on Chinese manufacturing through investment in other countries like India and Thailand. However, the severity of the tariffs—up to 54%—and the estimated $39.5 billion in additional costs have resulted in a drop in Apple's stock price and may necessitate a price increase on their products. The company is likely to pursue tariff exemptions and focus on its services sector to mitigate financial impacts.
Apple is finding it challenging to mitigate the impact of US tariffs on its supply chain, prompting significant costs that will likely lead to increased prices for consumers.
The dramatic hike in tariffs is set to cost Apple an estimated $39.5 billion, which will directly affect its pricing strategy and sales, particularly in the US market.
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