Apple(US:AAPL) Benzinga·2025-09-16 20:17Group 1 - The narrowing U.S. trade deficit with China may appear as a policy win, but it could lead to unintended market consequences, particularly regarding capital flows and currency strength [1][3][7] - A firmer dollar resulting from tariffs could negatively impact dollar-sensitive stocks, especially multinationals like Apple Inc and Nike Inc, as their overseas revenues would convert to fewer dollars [2][3][6] - Export-heavy sectors, including semiconductors and industrials, may experience margin pressure despite recovering earnings momentum [4][6] Group 2 - Emerging-market equities typically face tighter liquidity and outflows when the dollar surges, which could be detrimental as the year-end approaches [5] - U.S. companies with a domestic focus, such as those tracked by the Point Bridge America First ETF, may benefit as global competitors struggle [6] - The relationship between geopolitics and currencies is emphasized, indicating that while tariffs may be resolved, the financial-market implications remain significant [6][7]