Trump aims tariff threats at Apple
Digest more
President Donald Trump ended the week on a grumpy note, rattling his tariff saber — and stock-market investors — on Friday as he threatened levies on Apple Inc. and the European Union. But for all the renewed trade drama, it was moves in the bond market that have been the center of attention.
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.
Wall Street today suffered another red trading day as key indexes of US stock market -- S&P 500, Dow Jones, and Nasdaq -- sank.
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.
U.S. equities fell at midday as President Donald Trump threatened tariffs on Apple iPhones and European Union products.
This initiative aims to stimulate demand in a crucial market where the company has faced increasing competition and declining sales. Apple has increased the trade-in value for old iPhones.
Apple shares dropped on Friday after US President Donald Trump threatened a 25% tariff on the tech giant’s products unless it moves iPhone manufacturing from countries like India to the United States.
Apple Inc. has become a frequent target for attacks by President Donald Trump, a factor that has held the stock back as other big tech companies have rebounded over the past month.