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Apple shares tumble on Trump's tariff announcement [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
The stock decline was part of a broader sell-off that saw the S&P 500 down more than 4 percent and the Nasdaq down nearly 6 percent. Apple relies heavily on China for iPhone production and also produces products in India and Vietnam. The new total tariff rate for products coming from China will now be 54 percent, while rates for India and Vietnam will be 27 percent and 46 percent, respectively. Other countries where Apple has a manufacturing presence will also be affected. To be sure, it's unclear what the exact impact from the tariffs will be, or even if they will last. Some officials describe the move as a negotiating tactic to force other countries to lower their tariffs on U.S. goods, while others say it's part of a long-term plan to reinvigorate U.S. manufacturing. Need an advisor? Need expert guidance when it comes to managing your investments or planning for retirement? Bankrate's AdvisorMatch can connect you to a CFP® professional to help you achieve your financial g
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