Reported 1 day ago
Apple Inc. is significantly impacted by new tariffs imposed by President Trump, leading to a sharp decline in its stock price. The tariffs, which include a 34% tax on Chinese imports, are set to take effect on April 9 and also affect Apple’s manufacturing in other countries like India, Vietnam, Malaysia, Thailand, and Ireland. Analysts are concerned that these levies may squeeze Apple's profit margins without a corresponding price increase, especially amid declining consumer sentiment.
Source: YAHOO