Apple is once again in the crosshairs of a U.S.-China trade war after President Trump announced sweeping tariffs on global imports April 2, including on China, India, and Vietnam. The company’s stock dropped nearly 15%, wiping out $640 billion in market value before rebounding on April 9 as Trump put a pause on tariffs for most countries. But tariffs remain at a staggering 145% on goods from China, which Apple remains heavily reliant on despite years of efforts to diversify production. So what do these tariffs mean for Apple, its stock and the price of the next iPhone?
Chapters:
0:00 Introduction
2:26 Why Apple relies on China
6:16 Apple remains silent
Produced and edited by
Lisa Setyon
Supervising Producer
Katie Tarasov
Senior Director of Video
Jeniece Pettitt
Animation
Jason Reginato,
Additional Footage
Getty Images, Apple
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Why iPhones May Get More Expensive Amid Trump Tariffs
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