Apple Loses $314 Billion in Market Value After Tariffs

Apple lost $314 billion in market value after Trump’s tariff announcement. Its stock price fell 9% on Wall Street, along with a general decline in stock prices, causing the world’s wealthiest to lose $208 billion.

This significant drop was the result of a strong market reaction, particularly affecting other major technology companies, as the stock selloff resulted in a market loss of more than $1 trillion.

The greatest impact on Apple comes from tariffs imposed on its overseas production facilities. China, where 85% of iPhones are manufactured, was the hardest hit. Trump announced an increase in tariffs on imports from China from 34% to 54%, increasing manufacturing costs for Apple and other tech companies. In addition, tariffs will also apply to the company’s other major production centers, such as Vietnam (46%) and India (26%).