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MarketBeat
Business
Gabriel Osorio-Mazilli

Apple Sinks After New 25% Tariff Announcement—What's The Bottom?

Apple Donald Trump United States Tim Cook MarketBeat

There seems to be a very small list of stocks that are now immune to President Trump's recent trade tariff announcements. The implementations are starting to hit more industries and companies as a whole, with no certainty or clear expectations. The latest round seems to be focused on the technology sector, with a new announcement that wasn’t directed toward the peer group as a whole, but toward a specific company.

[content-module:CompanyOverview|NASDAQ:AAPL]

In an unexpected move, President Trump imposed a 25% tariff on Apple Inc. (NASDAQ: AAPL), telling Tim Cook, the company’s CEO, that a new tariff would now be applied to all iPhones and potentially other Apple products manufactured in India and not the United States. Of course, this severely changes the future path of Apple’s business and the way investors know it today, since there are several implications.

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