Apple, Trump and Tariffs
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President Donald Trump’s swipes at Apple aren’t just bruising the company’s bottom line — they may also be taking a bite out of your 401(k).
Two months after Donald Trump first announced his tariffs plan, the stock market has moved on. Apple, however, remains in the red.
T o say that Trump’s tariffs threw a spanner in the works in global markets is an understatement. Countries and companies were left scrambling, with some eager to make a deal wi
Stock markets declined after the president’s early-morning threats of 25 percent import taxes on iPhones and 50 percent on goods from Europe.
President Donald Trump on Friday demanded Apple and other smartphone makers like Samsung make their phones its in the United States or face a 25% tariff.
Despite a US trade court ruling that Trump's "reciprocal" tariffs are illegal, Apple investors have unexpectedly failed to react to the news, likely assuming there is more chaos to come.
The twin threats, delivered via social media, roiled global markets after weeks of de-escalation had provided some reprieve.
8don MSN
Trump has repeatedly called on Apple to move manufacturing to US from China, but the company shifted production for more than half its phones to India
Stocks closed down on Friday after President Donald Trump threatened new tariffs targeting tech giant Apple and the European Union. The Dow Jones Industrial Average closed down 256 points, or 0.6%, while the S &P 500 declined 0.6%. The tech-heavy Nasdaq fell 1%.
The legal confusion over tariffs has buffeted U.S. trading partners around the world, casting doubt on the durability of Trump’s favorite bargaining tool.