Apple, Trump and tariffs
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USA TODAY |
The tariff − the highest U.S. tariff on any country − is raising the specter of steep price hikes on goods imported from China.
U.S. News & World Report |
President Donald Trump promised tariffs that would raise U.S. import taxes high enough to mirror what other assess as trade penalties on American goods.
USA Today |
If the new tariffs go into effect as scheduled, imports will become more expensive.
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Apple has warned that tariffs could hurt its business, prompt it to increase prices and potentially force it to stop offering certain products altogether.
U.S. futures indexes fell sharply early on Thursday, led by a deep slide in major tech stocks, while global markets also faced a major selloff after President Donald Trump’s sweeping reciprocal tariffs raised fears of a global trade war and recession.
A sharp price hike could dampen consumer sentiment and give South Korea's Samsung an edge as the country faces lower tariffs than China
Apple stocks plummet in ‘Liberation Day’ aftershock as Republican senators defy president over tariffs - President Trump says he will impose blanket tariffs on all countries, hitting China and Europe
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RBC Ukraine on MSNApple devices set to become pricier as NYT analyzes impact of Trump's new tariffsThe administration of US President Donald Trump is introducing new tariffs, which could particularly impact the business of Apple, The New York Times reports. "The proposed tariffs threaten to compound the pressure on Apple's business.