Trump, Canada and tariff
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Prices will likely increase on products sold by U.S.-based companies as they pay taxes on imported foreign goods, though it’s not immediately clear which prices would be directly impacted or how each...
From Forbes
President Trump announced yesterday that new tariffs would go into effect on imports from about 185 countries, including the U.S.’s largest trading partners, by April 9.
From Yahoo
Carney said Canadians are already seeing the impact. Automaker Stellantis said it shut down its assembly plant in Windsor, Canada, for two weeks from April 7, the local union said late Wednesday.
From Yahoo
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U.S. President Donald Trump on Wednesday announced that massive tariffs will be applied to imports from many countries, starting April 9. The
Apple’s costs are about to go way up thanks to tariffs. The biggest question facing the world’s most valuable company now is whether to make customers pay for it—or investors. It’s a question with no easy answers—as evidenced by Apple’s share-price wipeout Thursday.
21hon MSN
The iPhone maker faced its biggest one-day drop in five years as investors panicked over Donald Trump's heavy tariffs on its supply chain hubs.
Investment bank Morgan Stanley has told investors that while Apple may have brought forward some iPhone 16 production ahead of Trump's new tariffs, there is little more it can do to mitigate a $33 billion cost increase it is about to incur.
The iPhone maker spent years trying to move production of some products out of China to avoid tariffs. But now that may not matter.
Apple has warned that tariffs could hurt its business, prompt it to increase prices and potentially force it to stop offering certain products altogether.
President Trump's new tariffs go far beyond China, and hit every nation in the world. Here's how badly Apple has been hit, and where it has been struck globally.
Investors are clearly concerned about the impact tariffs might have on Apple, which at one point on Thursday was having its worst trading day in five years. Bank of America analyst Wamsi Mohan on Thursday morning cut his price target on Apple from $265 to $250, though he maintained his buy rating on the stock.
China still accounts for the majority of Apple iPhone production, but the tech giant has sought to ramp up manufacturing in places like India and Vietnam.
The so-called Magnificent Seven stocks don’t seem so magnificent these days after new tariffs from the Trump administration sent their shares plunging, with all seven now in bear market territory.
While the extent of the tariffs and the unpredictable nature of reactions to them makes the future hard to see, Apple’s leadership is shrewd. They’ll have read The Art of War enough times to understand the need to preserve what resources they do possess and use what defensive opportunities they can exploit.