Donald Trump's "Liberation Day" tariffs led to a significant sell-off in Apple shares, marking its steepest decline in five years, with a nearly 9% drop. The tariffs impose a 54% effective rate, targeting China's critical role in Apple's supply chain. These new tariffs also affect Apple's attempts to diversify its production in countries like India and Vietnam. Analysts express concern over potential price increases for Apple products, which could dampen consumer demand amidst already falling stock prices and investor anxieties about iPhone sales.
Apple's biggest one-day drop in five years was triggered by Trump’s new tariffs, causing a $300 billion sell-off as investors feared increased costs.
The impact of Trump's tariffs includes a massive 54% effective rate on China, challenging Apple's efforts to diversify its supply chain.
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