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Apple Plummets, Tariffs ‘Could Blow up’ Stock
Posted
April 3, 2025
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April 3, 2025
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3:29Now PlayingApple is being heavily impacted by President Trump's new tariffs, which will affect its supply chain and manufacturing centers in several countries, including China, India, Vietnam, Malaysia, Thailand, and Ireland.
The tariffs will reach 34% for China, 27% for India, 46% for Vietnam, 24% for Malaysia, 37% for Thailand, and 20% for Ireland, threatening to disrupt Apple's global supply chain.
Apple's stock fell 8.5% after the announcement, erasing $255 billion in market value, as investors worry about the impact on the company's bottom line.
Bloomberg's Anurag Rana reports.
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