/Apple%20Inc%20logo%20on%20Apple%20store-by%20PhillDanze%20via%20iStock.jpg)
Apple (AAPL) shares took a sharp hit, falling 9.25% to close at $203.19 on April 3. This was followed by another roughly 5% dip in afternoon trading on April 4. The steep drop comes on the heels of President Donald Trump’s announcement of new “reciprocal” tariffs, and the market is beginning to price in the broader implications.
With trade tensions heating up and tariff rates set at 54% for Chinese imports (factoring in previously announced tariffs), 26% for India, and 46% for Vietnam, Apple’s supply chain and its bottom line are under pressure.
