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Old May 14th, 2019, 07:11 PM   #1
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Apple is being Trumped!

AAPL drops 6% as Trump’s tariffs bite: Apple accessories at 25%, overall costs could rise 10%

AAPL fell almost 6% in yesterday’s trading in response to concerns about the impact of Trump’s tariffs on products imported from China.

While it had initially appeared that Apple had escaped the current round of tariffs, some accessories are now taxed at 25%, and Apple’s component costs have also risen …

AAPL shares fell 5.81% yesterday, greater than the 2.38% fall seen in the Dow Jones index, with yesterday’s antitrust ruling by the Supreme Court another factor.

The Verge reports that while most Apple products are not yet affected, some Apple accessories were already in the 10% band introduced in September of last year. Those products are now taxed at 25%.

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Old May 14th, 2019, 07:14 PM   #2
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Indeed, as was to be expected with infantile world leaders brains like Trumps...

He's not a star, rather a black hole!
Recycle the planet!
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Old May 14th, 2019, 07:16 PM   #3
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listen, apple has to diversify and move plants to brazil, india, pakistan ... china has gotten too big for its own good..
once again Tim Cook is failing as CEO - my stock portfolio dropped $50K because of Tim Cook failures
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Old May 14th, 2019, 09:16 PM   #4
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I think your stock dropped because of Donald Trumps miscalculations & downright infantile stupidity.

I don't like Tim Cook either, but of all things he certainly is a good book keeper, greengrocer penny-biting style.

Not biting our pennies, though.
Recycle the planet!
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