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Apple Stock Falls as Trump Tariffs Target Supply Chain
2025-04-14 01:45:03| Spiritual Career Counseling
Wednesday April 2, 2025 4:26 pm PDT by Juli CloverApple's efforts to diversify its supply chain may have been for naught with the Trump administration's new tariffs that target multiple countries where Apple sources components for its iPhones, iPads, and Macs.Apple has worked to move some of its manufacturing to countries like India, Vietnam, and Thailand, all of which are facing steep tariffs in addition to China and Taiwan. There is a minimum 10 percent tariff for all U.S. trading partners, and "reciprocal tariffs" on several countries where Apple suppliers are located. Some of the tariffs:Vietnam - 46%Thailand - 36%China - 34%Taiwan - 32%India - 26%Japan - 24%Malaysia - 24%EU - 20%As The New York Times notes, Apple is already contending with a 20 percent tariff in China, which is set to increase significantly. Taiwan, where Apple sources the Apple silicon chips that go into all of its devices, is facing a 32 percent tariff.The last time Trump was in office, Apple was able to get tar... [ more ]
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