Trump’s tariffs put iPhone in a tough spot
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The Verge |
President Trump’s 34 percent tariff increase on Chinese goods is set to take effect on April 9th, making things even more complicated.
Reuters |
Apple shares fell 7% in Frankfurt after U.S. President Donald Trump announced sweeping tariffs on trading partners including China where the U.S. group has a big manufacturing base.
Reuters |
Shares of the company were down more than 8% in the wake of the tariff announcements, putting them on track for their worst day since September 2020.
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The price tag for Apple’s iPhones may increase by more than 40% after President Donald Trump announced sweeping reciprocal tariffs on U.S. trade partners, analysts said Thursday, as Trump’s trade policies will likely increase prices across several imported goods, including new cars, coffee, chocolate and other products.
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