Trump threatens Apple with 25% tariff
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Big Technology’s Alex Kantrowitz, joins 'Closing Bell' to discuss how Trump's tariff announcements impact Apple, if Apple's stock is expensive, and much more.
Wall Street is assessing President Trump''s tariff salvo on Apple and what his giant tax bill means for the deficit and the economy.
It seems far too easy to blame the president for the stock market’s bad week. It wasn’t President Trump who rushed in to buy so much stock that the S&P 500 rose 19.6% from its low on April 8 through May 8,
The stock has lost close to a fifth of its ... Price Target to $270." BofA Securities. "Apple Inc. Tariff impact creates GM headwinds; PO to $235." JPMorgan. "Hardware & Networking.
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President Donald Trump’s sweeping tariffs have given many Americans whiplash. The list of companies announcing price changes as a result is equally daunting.
U.S. stock futures are pointing lower to end the week; President Trump says Apple must pay a "Tariff of at least 25%" on iPhones not made in the U.S.; and Intuit stock surges on the TurboTax parent's strong results and lifted outlook.
As President Trump seeks to secure trade deals and bring production to the U.S., he recently threatened to impose a 50% tariff on the European Union and a 25% tariff on Apple. Erin McLaughlin, Senior Economist at The Conference Board in the Economy,