Trump threatens Apple with 25% tariff
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President Donald Trump ended the week on a grumpy note, rattling his tariff saber — and stock-market investors — on Friday as he threatened levies on Apple Inc. and the European Union. But for all the renewed trade drama,
What do you do when the most powerful person in the world demands the impossible? If you’re an Apple shareholder, you better settle in for a long, uncomfortable haul. Apple’s share price took another tumble on Friday,
U.S. equities fell at midday as President Donald Trump threatened tariffs on Apple iPhones and European Union products.
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Apple’s stock has sold off on tariff fears, but the company still has a healthy business underpinned by a sticky ecosystem and robust array of services offerings.
President Trump lashed out at Apple CEO Tim Cook as he wielded more tariff threats against the European Union pressuring U.S. stocks which are on pace for weekly losses. The 10-year Treasury yield hovered near 4.
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U.S. stock futures are pointing lower to end the week; President Trump says Apple must pay a "Tariff of at least 25%" on iPhones not made in the U.S.; and Intuit stock surges on the TurboTax parent's strong results and lifted outlook.
Wall Street is assessing President Trump''s tariff salvo on Apple and what his giant tax bill means for the deficit and the economy.
The U.S. equities market was falling midday Friday, as technology stocks weighed on major benchmarks. The Dow Jones Industrial Average was down 311 points, or 0.7%, to 41,548. The S&P 500 was falling almost 49 points,