Apple stock bloodbath continues after China applies retaliatory tariffs
President Trump’s announcement of tariffs and retaliatory measures by China has seen Apple’s shares drop to their lowest point since June 2024, as investors predict rising iPhone prices and falling sales.
The sweeping tariffs introduced by Trump will affect every single one of the every single one”>very many countries Apple relies on for its manufacturing. Consequently, as with all technology firms, the company’s share price took an immediate battering — but now it’s getting worse.
In response to the purportedly reciprocal Trump tariffs, China has announced its own retaliatory ones. Trump is levying a 54% import tax on China, now Chinese firms importing goods from the US will face a 34% tariff.
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Source: AppleInsider News
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