It was a unstable morning Apple’s stockWhich was quickly $ 17 swing during intraday trading.
Apple’s shares opened at $ 177.24 today, as the new tariff was announced by US President Donald Trump last week. Tariffs will significantly affect Apple, which still collects most of China’s iPhones and many other equipment, facing 54% tariffs starting from 9 April.
About one hour in the trading session, however, Apple’s stock briefly increased to $ 194.14, the following Reports The Trump administration was considering a 90 -day stay on tariffs in all countries except China. Spokesperson of Trump Administration later Described that claim as “fake news”, Apple’s stock again fell below $ 180. As a writing, the stocks are trading around the $ 181 mark.
Several stocks have declined since the announcement of Trump amidst the possibility of long -term trade war and economic recession. Apple’s share price has fallen by about 20% since the closure at $ 223.89 last Wednesday. Trump threatens China Additional tariff Today, adding the uncertainty that has sent shockwaves through global markets.
Apple has not yet publicly commented on tariffs, as customers are afraid that the price of iPhones and other devices may eventually increase.
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