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%.