Apple Slumps Pre-Market as Trade Tensions Escalate
- Semiconductor stocks also among pre-market decliners
- China says it will raise tariffs on some U.S. goods June 1
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Apple Inc. and other major technology companies tumbled in pre-market trading on Monday, as trade tensions between the U.S. and China escalated further.
China’s Ministry of Finance says the country would raise tariffs on some U.S. goods. The move came after President Donald Trump warned the country not to retaliate after the latest round of American measures.