Apple stocks plummet, as Trump threatens 104% tariff on China
President Trump is literally doubling down on his ruinous tariff plans, saying that since China has retaliated to the original rate, he is now raising it a further 50%.
Trump’s original tariffs were more severe than businesses had feared, they have hit every single country Apple relies on, and saw the company’s share price implode, but now there is more. Even as the White House claimed it was fake news that Trump would consider pausing his tariffs, the President himself has announced punitive retribution for China having retaliated.
“[Despite] my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation,” wrote Trump on his Truth Social platform, “will be immediately met with new and substantially higher Tariffs, over and above those already set.”
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Source: AppleInsider News
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