Apple, Trump and tariffs
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It is also a blow to Cook, who has spent years trying to build a tight-knit relationship with Trump.
From Insider
Apple shares fell 7% in Frankfurt after U.S. President Donald Trump announced sweeping tariffs on trading partners including China where the U.S. group has a big manufacturing base.
From Reuters
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The whole U.S. stock market is feeling the pain from the sweeping new tariffs that President Trump announced Wednesday after the market closed.
After speaking with business leaders and supply-chain experts from around the world, Ives said the investment firm was taking the view that the tariffs are the start of negotiations with countries and even individual companies to level the playing field.
Apple Inc. is finding itself squarely in the crosshairs of President Donald Trump’s new tariffs, even after a yearslong effort to insulate the iPhone maker from trade wars and supply chain disruptions.
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