Apple Takes the Biggest Hit of the "Magnificent Seven" in Response to Trump Tariffs [Yahoo! Finance]
Apple Inc. (AAPL)
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Source: Yahoo! Finance
Apple (NASDAQ: AAPL) Microsoft Amazon Alphabet (Google), Meta Platforms (Facebook), Nvidia , and Tesla -- a group known as the "Magnificent Seven" stocks -- have plunged from their highs. Of these seven tech giants, Apple has suffered the sharpest decline thus far in response to the Trump tariffs. Is the stock's decline warranted? How might tariffs impact Apple and its beloved iOS products? Most importantly, should investors buy the dip or wait this out? Here's what you need to know. The Trump administration's announced tariff plan, barring changes, will have far-reaching effects on the world's economy and manufacturing landscape. President Donald Trump's plan applies a 10% unilateral tariff on U.S. imports, which began on April 5. Additionally, the government will, starting April 9, apply incremental "reciprocal tariffs" on imports from countries the administration deems to have mistreated the United States in trade. America imports far more than it exports, so these plans
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AAPL
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