President Trump’s reciprocal tariffs hit Apple stock in after hours trading

President Trump unveiled reciprocal tariffs at a White House event, set to hit 34% on China, the administration announced Wednesday. Combined with existing rates, this would push the total tariff on Chinese goods to 54%, posing a major risk to Apple’s supply chain, which heavily relies on the Asian nation. The tariffs also extend to Apple’s other production hubs. While most of its US-sold devices are still manufactured in Chinese factories, Apple has expanded production across multi