Home Current Apple supplier stocks dip as Trump tweets threats over China tariffs

Apple supplier stocks dip as Trump tweets threats over China tariffs

58

Apple supplier stocks dip as Trump tweets threats over China tariffsDonald Trump has seemingly triggered a drop in the shares of China-based suppliers of Apple Inc after threatening price increases against the tech giant on Twitter. The president claimed “prices may increase” for the world’s most popular smartphone provider thanks to “massive tariffs we may be imposing on China,” in a message calling on Apple to manufacture its products in the US. “Apple prices may increase because of the massive Tariffs we may be imposing on China – but there is an easy solution where there would be ZERO tax, and indeed a tax incentive,” he wrote on Saturday afternoon.