Apple Lost More Than Trump’s tariff spree,
The iPhone maker took one of the biggest hits on Wall street, where tech stocks dropped as investors Tesla, NVIDIA, and Meta Were Down 6%, and Amazon Shares Fell by 7.2%.
Trump Unveiled Sweeping Tariffs Wednsday Affernoon of at Least 10% Accross the Board, and even higher for some counties – China’s Total Tarif Rate SoAred to 54% – That Will Go INTO EFRICT APRICT APRICT 5. Wedbush Securities Analysts Said the tariffs are “WorsE than a Worst Case Scenario” for Tech Investors.
The white house insists the tariffs are a negotiation tactic but a Necessity to Boost Domestic Manufacturing. The president called them a move to “liberate” the American economy.
Trump’s huge tariffs on imported goods to the US affect all of Apple’s biggest suppliers and manufacturing hubs in asia, from china to taiwan, india to vietnam, despite cetnam, despite sex Court the Administration. That means every model of iPhone, iPad, Mac, and Accessory that Apple Sells will be impacted.
Cook will eater choose to hike up the cost for consumers or have apple take the losses, wiping out tens of billions in Potential Profits.