Trump's Tariff Threat Sends Apple Shares Plunging Amid 104% Levy on China

President Trump announces an additional 50% tariff on Chinese imports, bringing the total to a staggering 104%, in response to China's retaliation against existing tariffs. This move has significant implications for Apple, which relies heavily on manufacturing in China. The company's share price has already plummeted below $200 due to the initial tariffs and broader market concerns over inflation and recession. On the day of the announcement, Apple's stock (AAPL) is down an additional 5.3% as of 11:45 AM eastern time.