Reported 9 days ago
Apple's stock fell nearly 5% on April 8, 2025, after the Trump administration confirmed a drastic increase in tariffs on Chinese goods, now set at 104%. Investors reacted negatively to this news, reversing earlier gains and raising concerns about potential impacts on Apple's profit margins since the company heavily relies on manufacturing in China. Analysts predict significant long-term challenges for Apple if tariffs remain high.
Source: YAHOO