Apple, Donald Trump and iPhone
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Apple Inc. (NASDAQ:AAPL) isn't a company usually associated with national security, but it is in the crosshairs of President Donald Trump, now an expert has given his take on the situation.What Happened: On Friday,
President Trump lashed out at Apple CEO Tim Cook as he wielded more tariff threats against the European Union pressuring U.S. stocks which are on pace for weekly losses. The 10-year Treasury yield hovered near 4.
Apple rises after tumbling Friday when President Donald Trump threatened a 25% tariff on iPhones sold in the U.S. that are made overseas, while Tesla trades higher even as the electric-vehicle maker’s sales in Europe decline for a fourth straight month.
The president floated a 25% tariff on iPhones imported into the U.S. on Friday, adding that Apple (AAPL) would foot the bill.
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Investor's Business Daily on MSNTrump Trade War Or Peace? What You Need To Know NowThat abrupt shift "from Tariff Man to global salesman," as investment strategist Ed Yardeni put it, revived an S&P 500 bull market in stocks.Just as the ride seemed to be smoothing out, markets got a jolt Friday morning as Trump threatened a 25% tariff on Apple iPhones if they're not manufactured and threatened 50% tariffs on the EU starting June 1.
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Donald Trump threatened Apple with a 25% tariff on iPhones made outside the U.S., reportedly triggered by Tim Cook's absence from Trump's Middle East trip. Trump publicly acknowledged Nvidia's CEO Jensen Huang's presence while pointedly noting Cook's absence.
Apple was recouping some of its losses after President Donald Trump threatened to impose a levy on iPhones sold in the U.S.
Trump said he would postpone a 50% tariff on the European Union to “rapidly get together” with the bloc’s leadership.