US EditionApple loses $250bn in market value from Trump tariff hit
- Donald Trump's new tariffs, referred to as "Liberation Day" tariffs, are set to significantly impact Apple's manufacturing operations.
- These tariffs stem from Trump's broader trade policy overhaul, which aims to address perceived unfair fees on American exports.
- The executive order introduces a 34% tariff on goods from China, where Apple manufactures many products, adding to existing tariffs.
- Analysts estimate that a 54% tariff on iPhones from China could reduce Apple's net profit by 14% if costs are not passed on.
- Due to the new tariffs, Apple's stock prices fell, and the company faces increased costs and potential margin squeezes despite prior investments.
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Smartphone and Hardware Makers Caught in Trump’s Tariff Storm
Shares of Dell Technologies Inc., Apple 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, slow demand and strain global supply chains.
·United States
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Total News Sources50
Leaning Left7Leaning Right5Center7Last UpdatedBias Distribution37% Left, 37% Center
Bias Distribution
- 37% of the sources lean Left, 37% of the sources are Center
37% Center
L 37%
C 37%
R 26%
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