Trump, Apple and tariff
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Analysts from Rosenblatt Securities said in a note Thursday that Apple would need to increase prices for several products to offset an estimated $39.5 billion in costs from tariffs as the company rel...
From Forbes
"Others have maybe learned their lessons (from Trump's last term). They are fighting back and saying we can play the same game as you and we are more in a position of strength to negotiate."
From AOL
Stock markets worldwide are careening even lower Friday after China matched President Donald Trump’s big raise in tariffs in an escalating trade war.
From Star Tribune
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1don MSN
The iPhone maker faced its biggest one-day drop in five years as investors panicked over Donald Trump's heavy tariffs on its supply chain hubs.
The iPhone maker spent years trying to move production of some products out of China to avoid tariffs. But now that may not matter.
President Trump's new tariffs go far beyond China, and hit every nation in the world. Here's how badly Apple has been hit, and where it has been struck globally.
14hon MSN
The Trump administration's tariffs will significantly hurt Silicon Valley tech companies like Apple, which has manufacturing operations in China, Vietnam and India.
Apple has warned that tariffs could hurt its business, prompt it to increase prices and potentially force it to stop offering certain products altogether.
Apple’s costs are about to go way up thanks to tariffs. The biggest question facing the world’s most valuable company now is whether to make customers pay for it—or investors. It’s a question with no easy answers—as evidenced by Apple’s share-price wipeout Thursday.
Investors are clearly concerned about the impact tariffs might have on Apple, which at one point on Thursday was having its worst trading day in five years. Bank of America analyst Wamsi Mohan on Thursday morning cut his price target on Apple from $265 to $250, though he maintained his buy rating on the stock.
President Donald Trump imposed 20% tariffs on China after taking office in January. Under a sweeping new plan aimed at stimulating U.S. manufacturing announced Wednesday, he added another 34% in reciprocal tariffs, bringing the total to 54%.
Apart from China, Taiwan is also on the list of "worst offenders" in Donald Trump's latest round of tariffs, and now faces a new 32% tariff. There's been "a lot of disappointment, shock and anxiety" in Taiwan over the move, according to a political scientist.