Apple Stock Sell-Off Continues After China Unveils Matching Tariffs

[axantas]

Yes, raise the price for all Apple products in the U.S. by 30%.
That way, even Trump fans might start to understand, what their hero is doing to them.

 

[spazzcat]

Maybe companies should quit overly relying on China for cheap everything. Wouldn’t be in this predicament if they didn’t sell out for a quick buck, euro, pound, etc

Good luck with with that, tell me if this is all about manufacturing, why did we put tariffs on things like coffee and bananas that we can't physically grow in this country? Why did we put tariffs on islands that literally have no human beings living on them...

 

[iObama]

I'm hoping Trump reverses himself quickly. None one will question it. Hopefully, there are enough sane people in the administration to humor him enough to make it happen. What worries me most is that if some of these tariffs go into effect, companies will see people get used to the higher prices and not lower prices if/when the tariffs are removed.

No one's coming to save us. The "sane people in the administration" are not in the administration this time. Dr. Oz is running Medicaid. A Fox News weekend host runs the entire military. An anti-vaxxer is running HHS.

There are no sane people in this administration.

 

[awshucks]

Maybe companies should quit overly relying on China for cheap everything. Wouldn’t be in this predicament if they didn’t sell out for a quick buck, euro, pound, etc

If Apple made more products in the US, they probably would be equally or higher priced than foreign products with tariffs due to much higher American wages.

 

[spazzcat]

The real problem is the loyalty to shareholders to generate max profits each quarter. Otherwise these tariffs wouldn't a problem longterm if we get lower or zero income taxes. I'm sure the Fed will lower interest rates now.

You really need to read about the Smoot-Hawley Tariff Act.

 

[axantas]

Perhaps Apple can get an exemption if they agree to make changes that agree with the new administration's agenda. Stuff like removing apps about science and history from the App Store, and content on Apple TV+ and Apple News that is contrary to the agenda.

Edit: Or perhaps the incoming NSA director can have a back door into encrypted data on iCloud. That might be enough.

…and add a had coded Trump portrait on the lockscreen.

 

[ELman]

Great day to buy Apple stock.

 

[barkomatic]

So I've got an M1 MBP that I was planning to upgrade in 2027. Should I do this now?

 

[delsoul]

Good luck with with that, tell me if this is all about manufacturing, why did we put tariffs on things like coffee and bananas that we can't physically grow in this country? Why did we put tariffs on islands that literally have no human beings living on them...

You do know Hawaii grows and ‘exports’ massive amounts of coffee and bananas, right? Hawaii is in the United States last I checked. It always puzzles me why there’s so many anti-American’s that float around on here. It’s not a partisan issue. It’s simply folks that always clap the loudest when other countries put it to the US, but when the US returns the favor, somehow it’s a horrible thing, the end is nigh, etc. There’s so many countries that already have high tariffs on the US, there’s zero issues with the US giving the same treatment back.

 

[kagharaht]

Aren't you glad that over 77 Million Americans were smart enough to elect Trump...again after the first fiasco and insurrection? We must be the dumbest people on the planet. LOL!!!

 

[DougiePhresh]

China no pushover. What the old school leaders cannot understand, we are not all powerful in any aspect. The rest if the world has caught up to us economically and militarily.

Economically, maybe. Militarily, absolutely not. I have trained with other countries militaries and I’m convinced that a handful motivated 4th graders with medium sized sticks could take over most countries

 

[awshucks]

So I've got an M1 MBP that I was planning to upgrade in 2027. Should I do this now?

In 2027 you probably would be able to get a used/refurb M6 MBP for a good price

 

[carlsson]

I hope you are satisfied with your election my US friends.

🙁

 

[Manzanito]

Apple's risk management department and CEO have failed the company. The writing has been on the wall for a decade with respect to Apple's over reliance on China.

What?! As if Trump only targeted China 🤣🤣🤣

 

[currentinterest]

This is the single largest peace time tax increase in the history of the country. Tariffs are simply a form of sales tax. this huge tax increase will fall, mainly on people who can least afford it. As tariffs slow the economy, and prices rise dramatically, the answer will be clear. What will be needed is a tax cut for the upper one percent.

Overall, Apple will be just fine in the very long run. Their high margins give them some cushion. It will be a while, but they will recover as long as the country isn't plunged into a very deep depression.

 

[awshucks]

Aren't you glad that over 77 Million Americans were smart enough to elect Trump...again after the first fiasco and insurrection? We must be the dumbest people on the planet. LOL!!!

It's all about deception. He did not campaign on worldwide tariffs and DOGE.

 

[spazzcat]

You do know Hawaii grows and ‘exports’ massive amounts of coffee and bananas, right? Hawaii is in the United States last I checked.

No they don't:

• Hawaii produces approximately 5 million pounds (2.3 million kg) of green coffee per year.
• Colombia and Brazil have been the top two countries exporting coffee to the US in each year since at least 2009. The two South American nations have swapped the top spot back and forth — in 2023, Colombia led with $1.38 billion worth of coffee exported to the US compared to Brazil’s $1.35 billion

Where Do America's Bananas Come From?

Tracing the origins of bananas imported into the US reveal an absolute market dominance by neighboring Latin America.

www.worldatlas.com

 

[Adreitz]

This is part of the reason why I was in a hurry to replace my old SE 2 -- I won't get another chance for the next three years at least.

 

[rp2011]

No one's coming to save us. The "sane people in the administration" are not in the administration this time. Dr. Oz is running Medicaid. A Fox News weekend host runs the entire military. An anti-vaxxer is running HHS.

There are no sane people in this administration.

True and the WWE lady is ruining/running education. It's just incompetent people who bought their way in on loyalty to stupidity. It is important that kids learn this lesson early in life when they look at who's running society in general.

Having said all that, the true economists in the administration that Trump sent out to talk to the press looked shell-shocked. They had that thousand-mile stare and couldn't answer any questions from reporters. They were not happy campers. I think there are enough people with a reputation to protect that could talk sense into him.

 

[DougiePhresh]

You do know Hawaii grows and ‘exports’ massive amounts of coffee and bananas, right? Hawaii is in the United States last I checked. It always puzzles me why there’s so many anti-American’s that float around on here. It’s not a partisan issue. It’s simply folks that always clap the loudest when other countries put it to the US, but when the US returns the favor, somehow it’s a horrible thing, the end is nigh, etc. There’s so many countries that already have high tariffs on the US, there’s zero issues with the US giving the same treatment back.

To be fair - a lot of the bananas available at grocery stores in Hawai‘i are imported from South America … the locally-grown bananas were too expensive. It was literally cheaper to put bananas on a ship from Ecuador and transport them several thousand miles than it was to put them on a truck and drive them down the street. Source - I lived in Hawai‘i for several years.

 

[Lone Deranger]

Apple may choose to not do anything with respect to prices in the near-term until current stock in the USA has dwindled and, perhaps by then, there will be a clearer picture as to when the import tariffs will be lifted or reduced.

...or increased(!)

 

[Kurwenal]

Why did we put tariffs on islands that literally have no human beings living on them...

Why should penguins get off scott free? They have been ripping us off by living under the most beautiful US nuclear umbrella in the world for free for years and it's time they pay up.

 

[robvalentine]

Ypu have to give some credit to trump, he actively sought out the least qualified, and least appropriate people for the top jobs. Julian Assange and Edward snowden for NSA/CIA next?

 

[Plutonius]

Like him or dislike him, Max Tech has a good explanation of the tariff effects on Apple.

The thing I didn't realize is that a tariff is on the cost of a product for a manufacturer (not on what they sell it for).

Since Apple has huge profit margins on their products, the actual tariff amount is less than what I thought it was (still a lot).

 

[vertsix]

I think Apple has the opportunity to do the funniest thing... raising prices on all their products, especially iPhones. Since most of the country buys them, this price increase will surely cause outrage on the average American consumer and cause additional pressure on Trump to cave.