Todd Haselton
Apple’s stock just had its worst day since March 2020.
That’s five years ago, when the Covid pandemic slapped the stock market. Today’s drop, in which shares closed down 9.25 percent, was caused by Trump’s tariffs.
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Allison Johnson
Dominic Preston
These are the tariffs about to hit Apple.
Donald Trump’s latest tariffs affect every country in the world, but some worse than others. New tariffs of 34 percent on China, 26 percent on India, and 46 percent on Vietnam will have a heavy impact on Apple’s supply chain, and potentially prices — assuming rates don’t change before they’re due to start on April 9th.
Nintendo faces similar problems for its newly announced Switch 2, but expect almost every tech company to feel the pinch.
Jay Peters
Priceless.
Visa wants to take over from Mastercard as the network for the Apple Card, and it offered about $100 million to Apple to be able to do so, The Wall Street Journal reports. American Express apparently wants to land the Apple Card, too.
wsj.com
[wsj.com]
