Apple, Trump and tariff
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As the stock market has rallied back, stocks within the S&P 500 aren't all moving together off tariff headlines.
Trump tariff threats shake global markets as he proposes 50% tariffs on EU imports and a 25% tax on iPhones made outside the U.S. Stocks slid, the dollar weakened, and investors rushed to safe havens like gold,
US stocks fell as Trump targets Apple and EU with tariffs. Dow Jones dropped 181 points, S&P 500 and Nasdaq also fell. Apple shares declined over 2%.
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The president escalated battles with prominent American companies and institutions, as well as a key trading partner. The damage could be extensive.
Apple Inc. (NASDAQ: AAPL) is reportedly planning to raise prices for its upcoming iPhone lineup, expected to launch this fall, according to a Wall Street Journal report citing sources familiar with the matter.
Following a Bloomberg report detailing Apple services head Eddy Cue’s views that AI-powered search engines will ultimately supplant traditional ones like Google,