Trump threatens Apple with 25% tariff
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Apple stock was dropping on Friday after President Donald Trump threatened a 25% tariff on its iPhones sold in the U.S. unless they are made in the U.S.
Apple's stock has dropped on Friday as ... it's hard to comprehend and the near-term margin impact on Apple's gross margins during this tariff war could be mind boggling for this U.S. tech stalwart."
It seems far too easy to blame the president for the stock market’s bad week. It wasn’t President Trump who rushed in to buy so much stock that the S&P 500 rose 19.6% from its low on April 8 through May 8,
After retailer Amazon was blasted by the White House for potentially citing the tariffs as part of the price on goods purchased by U.S. consumers, Apple is determined to avoid a similar fate.
Asian stocks have advanced as U.S. Treasury yields eased after a rocky week due to worries in the bond market over mounting U.S. government debt
However, even if Apple can't avoid tariffs entirely, it has ways to offset the impact through its services ... and may end up hurting the US economy. Stock prices plummeted after Trump's ...
Big Technology’s Alex Kantrowitz, joins 'Closing Bell' to discuss how Trump's tariff announcements impact Apple, if Apple's stock is expensive, and much more.
As President Trump seeks to secure trade deals and bring production to the U.S., he recently threatened to impose a 50% tariff on the European Union and a 25% tariff on Apple. Erin McLaughlin, Senior Economist at The Conference Board in the Economy,