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Apple was on brink of crisis before Trump tariff concession
TechXplore· 2025-04-14 13:50
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Armand Valendez from Pexels Apple Inc. has managed to dodge its biggest crisis since the pandemic—for the moment, at least. Donald Trump's 125% tariffs on goods produced in China threatened to upend its supply chain as seriously as the COVID snarls did five years ago. On Friday night, the U.S. president handed Apple a ...
US stock markets expected to recover after Trump drops tariffs on mobiles
The Guardian· 2025-04-13 17:36
Group 1 - US stock markets are expected to recover following Trump's exclusion of smartphones and laptops from tariffs, which is anticipated to boost shares of Apple and Nvidia [1][2] - The temporary exemption is viewed as a response to pressure from Republican leaders concerned about rising smartphone costs potentially affecting voter sentiment [2][5] - US retailers import approximately 80% of smartphones, many from China, which currently faces tariffs totaling 145% [2][3] Group 2 - US Customs and Border Protection confirmed that laptops, smartphones, and certain chips will be exempt from tariffs, avoiding both the China tariff and a 10% baseline tariff on other countries [3][5] - Trump indicated that more specific exemption rules would be announced, emphasizing that the US has been profiting from trade, particularly with China [4][6] - The US commerce secretary stated that the reprieve is likely temporary, with plans for a specific tariff on the sector to encourage reshoring of manufacturing [5][6] Group 3 - Apple has committed to relocating some facilities back to the US over the next four years, with an estimated cost of $500 billion, including a new factory in Texas for AI servers [8] - The recent tariff imposition led to significant losses for major tech companies, with a total decline of $2.1 trillion, or 14% of their value, before recovering after the tariff pause [9]
How's Apple going to get out of its China jam?
Business Insider· 2025-04-11 09:01
The tariffs are paused, except the ones that aren't. Which includes a whopping 145% for products shipped from China. What does that mean for Apple?Yes, lots of giant tech companies have deep ties to China, from Amazon to Meta to Tesla. But Apple is fully enmeshed in China, where it has spent years building up the supply chain for its iPhones, which are the company's core business. If those tariffs stay in place, it could jack up the price of an iPhone by hundreds of dollars. Maybe more.So now what?Spoiler ...
X @Market Spotter
Market Spotter· 2025-03-26 16:01
What’s the most powerful use case for #Blockchain today?✅ Payments 💰✅ DeFi 📈✅ Gaming 🎮✅ Supply Chain 🔗Which one will lead in 2025? 🚀 ...