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Windows Central

Technology

Kevin Okemwa

Apple sheds $700 billion as Microsoft regains the world's most valuable company title — amid President Trump's steep tariffs on Chinese imports

Apple Microsoft Donald Trump China United States

Apple Store in Bangkok, Thailand.

Apple is no longer the most valuable company in the world; Microsoft is, following the rollout of President Donald J. Trump's imposed tariff on imports from over 60 countries (via CNBC).

These countries are described as the "worst offenders" and subjected to additional taxes ranging between 11% and 104% for Chinese products. Implementing Trump's tariff plans has negatively impacted Apple since it assembles approximately 90% of its products, including the iPhone, in China.

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