Apple Stock Sell-Off Continues After China Unveils Matching Tariffs

Apple stock dropped 4% in early Friday trading, broadly following yesterday's trend after China announced reciprocal tariffs in response to U.S. President Trump's trade policies.

Apple Logo Cash Orange
The latest decline follows Thursday's dramatic 9% plunge that erased nearly $300 billion from Apple's market value – the company's worst single-day performance in five years – amid growing fears that Trump's trade war will hurt the global economy. Apple's market value was expected to be reduced further today as markets processed China's matching 34% tariff announcement.

China's finance ministry announced it would impose a matching 34% tariff on U.S. imports starting April 10, one day after Trump's new duties take effect. The country also restricted exports of rare earth elements critical for technology manufacturing and added 11 American businesses to its "Unreliable Entity List."

Trump's "Liberation Day" tariff plan particularly threatens Apple, which relies heavily on Chinese manufacturing despite years of diversification efforts. The 54% effective rate on Chinese imports combines the new 34% tariff with an existing 20% charge.

Countries where Apple has been expanding its supply chain, including India, Thailand, Malaysia, and Vietnam, were also targeted with tariffs above Trump's global baseline rate of 10%.

Analysts warn Apple faces difficult choices ahead, potentially needing to raise U.S. hardware prices by approximately 30% to offset the tariff impact or accept significant hits to its profit margins.

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Tag: AAPL

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Top Rated Comments

SW3029 Avatar
13 weeks ago
Trump is an idiot
Score: 101 Votes (Like | Disagree)
iObama Avatar
13 weeks ago

I'm hoping Trump reverses himself quickly. None one will question it. Hopefully, there are enough sane people in the administration to humor him enough to make it happen. What worries me most is that if some of these tariffs go into effect, companies will see people get used to the higher prices and not lower prices if/when the tariffs are removed.
No one's coming to save us. The "sane people in the administration" are not in the administration this time. Dr. Oz is running Medicaid. A Fox News weekend host runs the entire military. An anti-vaxxer is running HHS.

There are no sane people in this administration.
Score: 63 Votes (Like | Disagree)
iObama Avatar
13 weeks ago

Apple has been diversifying manufacturing to US, Brazil and India in the past 5 years. What are you on about?
Exactly. And the countries they diversified to have even higher tariffs. This has nothing to do with Apple, this has everything to do with a low-IQ, narcissistic dictator imposing economy-decimating policies on a whim.
Score: 60 Votes (Like | Disagree)
chrono1081 Avatar
13 weeks ago
If history had taught us tariff wars are a bad thing...oh wait it did.
Score: 53 Votes (Like | Disagree)
kagharaht Avatar
13 weeks ago
Aren't you glad that over 77 Million Americans were smart enough to elect Trump...again after the first fiasco and insurrection? We must be the dumbest people on the planet. LOL!!!
Score: 47 Votes (Like | Disagree)
ignatius345 Avatar
13 weeks ago
Trumpcession, incoming in 3, 2....
Score: 45 Votes (Like | Disagree)