President Trump’s announcement of tariffs and retaliatory measures by China has seen Apple’s shares drop to their lowest point since June 2024, as investors predict rising iPhone prices and falling sales.
President Trump’s announcement of tariffs and retaliatory measures by China has seen Apple’s shares drop to their lowest point since June 2024, as investors predict rising iPhone prices and falling sales.
The sweeping tariffs introduced by Trump will affect every single one of the every single one »>very many countries Apple relies on for its manufacturing. Consequently, as with all technology firms, the company’s share price took an immediate battering — but now it’s getting worse.
In response to the purportedly reciprocal Trump tariffs, China has announced its own retaliatory ones. Trump is levying a 54% import tax on China, now Chinese firms importing goods from the US will face a 34% tariff.
As spotted by BBC News, Trump responded to China’s retaliation in a post on Truth Social. « China played it wrong, they panicked », Trump wrote. « The one thing they cannot afford to do! »
President Trump is currently golfing, but spoke to reporters prior to his departure when asked about the impact of his tariffs.
« I think it’s going very well », he said. « It was an operation like when a patient gets operated on and it’s a big thing.
