Apple Production Hubs Hit by Tariffs, Sending Stock Plunging
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Apple Inc. is finding itself squarely in the crosshairs of President Donald Trump’s new tariffs, even after a yearslong effort to insulate the iPhone maker from trade wars and supply chain disruptions.
A long list of levies unveiled by the White House are poised to hit the company especially hard, triggering its worst stock rout in five years. The new tariffs will reach 34% for China. That would bring the total rate on Chinese goods to 54%, threatening to roil an Apple supply chain that still has the Asian country at its heart.