Apple Stock Suffers Major Drop Amidst Impact of New Tariffs

Apple’s stock price has taken a significant hit following the imposition of new tariffs by President Trump, impacting its global operations. These tariffs, ranging from 20% to 54%, target Apple’s production facilities in several countries including China, India, Vietnam, Malaysia, Thailand, and Ireland. The move is expected to significantly impact profit margins and could lead to higher prices for consumers already facing economic uncertainty.