Apple lost more than $250 billion in market value Thursday, with shares down as much as 8.5% as a result of President Donald Trump’s tariff spree.

  • reddig33@lemmy.world
    link
    fedilink
    arrow-up
    4
    ·
    1 day ago

    If this was just tariffs on China it probably wouldn’t have hurt Apple as much. They manufacture devices and parts in a number of countries. But no, the Trump administration has pretty much tariffed anything made outside of the 50 states.

    So much winning! /s

    • Ulrich@feddit.org
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      3
      ·
      1 day ago

      Not really sure how that’s good. It’s bad for Apple and bad for everyone.

      Biden had a much more intelligent way of bringing manufacturing to the US.