Apple Faces Tariff Tornado: Shares Plunge as Trump Unleashes New Trade War Measures

Apple's stock experienced a significant decline following President Trump's announcement of new tariffs affecting all countries that supply Apple. The tariffs have increased costs for imports, leading to concerns about higher prices for American consumers and potential reduced demand. In after-hours trading, Apple shares dropped around 7.5%, and when regular trading resumed, the decline continued, settling at a 9.28% drop by 9:50 A.M. Eastern time. President Trump highlighted that Apple was investing $500 billion in the US as evidence of his tariffs encouraging manufacturing to return, but this claim is seen as a reframing of existing plans. Despite efforts, Apple remains heavily reliant on China due to the specialized skills required for device manufacturing, which are not readily available in the US.