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Apple is one of the biggest losers from Trump’s tariffs – so far

Twelve people have been charged after phones were stolen from 13 different Apple stores (PA)
Twelve people have been charged after phones were stolen from 13 different Apple stores (PA) (PA Archive)
  • Apple's market capitalization has fallen by $1 trillion since January, partly due to concerns over Donald Trump's tariffs and potential impacts on global growth.
  • The company's reliance on Chinese manufacturing for its hardware makes it particularly vulnerable to tariffs imposed by the US, potentially increasing the price of iPhones.
  • Apple has been trying to diversify its production to countries like India and Vietnam, but these nations also face significant tariff rates.
  • In January, Apple reported an 11% drop in iPhone sales in China, its biggest market, and missed Wall Street revenue expectations.
  • Analysts suggest it would take Apple three years and $30 billion to shift just a tenth of its supply chain from Asia to the US in response to the tariffs.
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