Apple loses $300B in market value as Trump tariffs threaten China-heavy supply chain

Source: New York Post

Apple lost a whopping $300 billion in market value in intraday trading Thursday as fears that President Trump’s reciprocal tariffs will hammer supply chains sparked a market bloodbath. The iPhone maker’s shares plunged by nearly 9% as Trump unveiled the heavier-than-expected levies on international trade partners. That included a 54% tariff rate on goods imported from China, where Apple makes the vast majority of its hardware, as well as a 26% rate for India and 46% rate for Vietnam – two of its other key production hubs.