Apple shares tumble 4% as Trump threatens 25% tariff on iPhone made outside US
Apple's stock price tumbled after Donald Trump threatened a 25% tariff on iPhones made outside the US, escalating trade tensions. The announcement, made on Truth Social, triggered a Wall Street sell-off, with major tech stocks also declining. Trump also proposed a 50% tariff on EU goods, further unsettling investors amid ongoing trade negotiations and uncertainty surrounding US demands.
Apple's stock price tumbled after Donald Trump threatened a 25% tariff on iPhones made outside the US, escalating trade tensions. The announcement, made on Truth Social, triggered a Wall Street sell-off, with major tech stocks also declining. Trump also proposed a 50% tariff on EU goods, further unsettling investors amid ongoing trade negotiations and uncertainty surrounding US demands.
