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Why Apple Stock Is Sinking Today [Yahoo! Finance]

Apple Inc. (AAPL) More Company Research Source: Yahoo! Finance

Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report

US:NASDAQ Investor Relations: investor.apple.com

Meanwhile, the S&P 500 and the Nasdaq Composite had fallen 3.6% and 4.4%, respectively. The stock market skyrocketed yesterday after President Donald Trump announced a 90-day lifting of reciprocal tariffs on all countries except China, but valuations are heading lower today after new information emerged. While Trump announced yesterday that an import tax rate of 125% would be applied to Chinese goods, it turns out the tariff rate is now 145%. The Trump administration said today that the 125% tariff on China that it cited yesterday actually represented an added import tax on top of an existing 20% tax on products from the country. A tariff of 145% on Chinese goods has now gone into effect, and investors are responding by selling out of Apple and other stocks today. The iPhone maker relies on factories in China for the manufacturing of some of its key hardware, and it could see immediate effects from the rapidly escalating trade war. In response to the new tariff environment, so [Read more]

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