Yes, a massive sale on company stock price! Buying opportunity to prosper in the future.
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Apple Stock Falls as Trump Tariffs Target Supply Chain
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Don't forget, these tariffs are ontop of any tariffs there were already announced earlier this year.
Trump is doing exactly what he said he would do. There is a reason not a single economist said his plan was sound.
The Republican controlled Congress hasn't had a spine to prevent Trump from performing a laundry list of illegal acts that have already taken place. Democracy has failed in America.
Probably the same reason why an identical Model Y costs $40k in China and $60k in America. And that's before considering Shanghai build quality is better.
Most Americans don't want to pay 50% more for an iPhone.
Future Article: Apple Makes Vision Pro and HomePod Executives Head of New Tariff Management Department
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To be honest, an extra $260 for an iphone is going to be about the least of people's concerns once the tariffs kick in; as pretty much everything is going to rise in price; including stuff made and grown in america.
There's almost nothing that won't be affected in some way. Everything is either imported, made with imported parts, or made using imported machinery/tooling.
There's almost nothing that won't be affected in some way. Everything is either imported, made with imported parts, or made using imported machinery/tooling.
Questionable excuse when Foxconn hires people who use to be farmers. I suspect the answer is the Chinese are willing to work for $350/month. Trump needs to have tariffs on electronics, not cars.
We don't know how this will play out. The last time someone (President Herbert Hoover) thought it was a good idea to raise tariffs we got the Great Depression.
Per https://www.investopedia.com/timeline-of-stock-market-crashes-5217820
The 1929 crash lasted until 1932, resulting in the Great Depression, a time in which stocks lost nearly 90% of their value. The Dow didn't recover its pre-crash value until November 1954.
I don't know how old you are, but I'm going to guess that a lot of people cannot wait 25 years for the stock market to recover if this causes a Depression. For the 2008-2009 recession, the Dow didn't recover all losses until 2013. Meanwhile, the unemployment rate did not return to pre-recession levels until 2014, and it took until 2016 for median household incomes to recover.
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Does that mean Apple products manufactured in China will see a 34% price hike in the US?
Critics knew he'd be worse the second time around because he doesn't have to care about re-election, so nothing matters to him. What a disaster.
Buy more whilst it’s down?
How was the 3GS a weak upgrade?
Not immediately. Apple would've frontloaded a lot of imports already, so inventory sitting in warehouses state side would not be affected. But those will eventually run out and anything new will be hit by tariffs.
Apple might choose to absorb them for the short term to keep pricing consistent across the year for some lines (e.g. iphones) But for new products, or products with very short supply chains that they don't keep much inventory of. They'll probably see pretty immediate price hikes.
China tariff rate will be 54%. The 34% tariff revealed today is on top of the 20% that was put in place last month.
Trump said China will face a new reciprocal tariff of 34% and the European Union will be hit with a new levy of 20%, while Japan's tariff will be at 24%. He described these duties as not a full reciprocal tariff but rather about half of what other nations "have been charging us."
For China, the latest import tax of 34% comes on top of a 20% tariff on Chinese imports that the second Trump administration already put into effect - so the total Trump 2.0 duty on China now stands at 54%.
What product prices will be will depend on if anyone along the supply chain (e.g. Apple, Samsung, Broadcom, Qualcomm, Micron, etc) will absorb any of it and how much, and how much will get passed on to the consumer by the retailer (e.g. Apple, Amazon, Best Buy, Verizon, AT&T, T-Mobile, etc).
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Every one of the tariff changes was a positive number. And a two-digit one, at that.
OMG!
The DOW was at 7608-(and some change) in Jan 2009 . . . "our stomach-linings are going to dissolve!"
Take a deep breath, BG
So glad someone is thinking of the retirees on fixed incomes who are depending on their 401k disbursements, IRAs and other funds pegged to the stock market.
It's more tax income for the government to spend. The only people saying it is good are the "Maga" folks and the president.
I've been losing a lot in my retirement 401K but I'm counting on one key thing to help turn it around in a short while. For once I'm actually counting on the saying that rich people control this country to be very true. Those people will be hurt bad by this and maybe, somehow they will influence the right people to turn this around. Fingers crossed.
I’ve read that tariffs between us and our partners is around 2% across the board. Then I saw the poster from Trump saying they have tariffs on us as high as 97%. So which is it?
I just hope it bounces back before I need to sell more for health concerns. Retirement is really a crapshoot. Timing is everything.
Maybe Tim can donate another million to help me out. I just know it's really really bad timing. Having surgery forces you to sell at unexpected times.