Apple Stock Sell-Off Continues After China Unveils Matching Tariffs

[sw1tcher]

Proof positive that Warren Buffet knew what he was doing when he started selling $AAPL and other stock holdings. Still living up to his "Oracle of Omaha" nickname.

Apple Leads Tech Sector's Massive $900 Billion Market Loss

Apple's stock price today dropped amid a broader roader technology sector sell-off that has wiped out nearly $900 billion in market value...

www.macrumors.com

Apple's stock fell by over 4%, largely influenced by Berkshire Hathaway's announcement that it has almost halved its stake in the company from 5.6% to approximately 2.8%, alongside escalating fears of a recession in the United States. The decision by Warren Buffett's conglomerate came as a surprise to many, given Buffett's long-standing endorsement of the company. The move was part of a broader strategy by Berkshire to raise its cash position to a record $277 billion, indicating a cautious approach towards the current economic environment and concern about the technology sector's resilience.

The internet is in awe of Warren Buffett's perfectly timed cash-out

Warren Buffett is being hailed on social media for dumping stocks and building a record $334 billion cash pile before the stock market correction.

www.businessinsider.com

 

[Starflyer]

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

Did you even pay attention to his campaign?

 

[Kurwenal]

You do know Hawaii grows and ‘exports’ massive amounts of coffee and bananas, right?

This word "massive".......have you ever been to Hawaii?

 

[Starflyer]

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.

Education was ruined long before she got there. Have you seen how much we spend per student?

 

[StoneJack]

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

It is not that easy. China not only is a major seller of cheap items, it is sometimes for most varieties also the only place that makes those cheap things meaning u can”t find a similar cheap seller of the item from Africa or other Asian country

 

[Expos of 1969]

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?

Trump has zero interest and use for guys with intelligence and courage so Julian and Edward are safe.

 

[DelayedGratificationGene]

The MAGA People are fine with Trump being a moral degenerate, they are fine with his bullying the world etc…however once their little retirement nest eggs start rapidly dropping they will turn on him in a second. This might do it.

 

[Starflyer]

It is not that easy. China not only is a major seller of cheap items, it is also the only place that makes those cheap things

And America is the largest consumer of these cheap things. The good thing is, Americans can now save their money and not buy any of that cheap junk.

 

[WarmWinterHat]

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.

~0.05% of US banana usage is grown in Hawaii. 5 million pounds against the 10.5 billion pounds the US uses per year. The exports you read about were imported to Hawaii to be redistributed.

Blanket tariffs are the equivalent of doing microsurgery with a dull axe....mostly it's just showing how lazy this administration is.

 

[Starflyer]

The MAGA People are fine with Trump being a moral degenerate, they are fine with his bullying the world etc…however once their little retirement nest eggs start rapidly dropping they will turn on him in a second. This might do it.

How many Trump supporters have nest eggs, most were worried about the cost of real eggs.

 

[Chet-NYC]

Trump is an idiot

Along with everyone in his administration.

 

[StoneJack]

And America is the largest consumer of these cheap things. The good thing is, Americans can now save their money and not buy any of that cheap junk.

Thats not easy too as they do have limited budgets either

 

[sw1tcher]

Exactly. And the countries they diversified to have even higher tariffs. This has nothing to do with Apple, this has everything to do with a low-IQ, narcissistic dictator imposing economy-decimating policies on a whim.

Apple should have moved factories to the Heard and McDonalds Islands. They only got hit with a 10% tariff.

Plenty of employees there who will work for peanuts fish.

 

[BSoares]

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.

If only the orange man understood that... Either way the general population is getting screwed and paying more.

 

[awshucks]

Did you even pay attention to his campaign?

Well, I don't listen to the news like I used to. More knowledge brings more grief.

 

[chrono1081]

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

He absolutely 110% did. Did you not pay attention to anything he said? Did you not pay attention to project 2025? You know, the thing Trump said he knew "nothing about" then in the very next breath said "it has some very good ideas"?

Seriously it was all wide out in the open long before the elections. The news (well, real news, what some people call "liberal media") was talking all about it.

 

[unobtainium]

And America is the largest consumer of these cheap things. The good thing is, Americans can now save their money and not buy any of that cheap junk.

Trade war = Great Depression 2.0. Get ready for bread lines.

 

[iHorseHead]

That's only good news

 

[rp2011]

Education was ruined long before she got there. Have you seen how much we spend per student?

I'm married to a teacher; you're barking up the wrong tree. There are so many problems with education that need to be addressed, but the cost per student is the least of it. Talk to teachers, even MAGA teachers, and see if they think the cost per student is the true problem.

 

[switz]

Everything will be priced higher. No pay increases for the masses. Health care is being decimated.

We will have our own purge of the population as folks loose access to to both food and health care. Seniors and the economically challenged populations numbers will decrease probably in the fall as cold weather hits the USA.

I watched an oligarch youth is Russia speeding down the road that was for pedestrians in a sports car. No issue if he hits and kills a few citizens.

With less than 500 billionaires, there will not be many economic slaves needed to clean their homes.

The largest percentage of the population does not have cash on hand for even a minor emergency.

What possibly go wrong?

 

[Plutonius]

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...

A dollar amount was calculated based on the other country's tariffs and we implemented tariffs equal to the amount we pay the other country in tariffs (reciprocal tariffs).

The tariffs have to be placed on the other countries major exports in order to meet the dollar amount (which is why bananas and coffee are targeted).

When the other country eliminates the tariffs placed on U.S. goods, the U.S. will also end the tariffs.

 

[Chet-NYC]

One talking head on CNBC yesterday described all this as "Burning down your house to cook a steak." Perfect analogy.

The worst part is, if this administration was wiped away tomorrow and new one reversed all that has been done, from tariffs to the shredding of the bureaucracy that provides tens of millions of people with various services, it is still going to take years- decades- for the United States to rebuild the friendships and relationships we had with other nations.

For anyone to support what this administration is doing is to out oneself as being either insanely hateful/jealous of others and/or to be astronomically ignorant about the global economy... or of course, both.

There is simply no legitimate defense of anything this administration is doing- unless your goal is to completely decimate the United States.

 

[npmacuser5]

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

We have not won a war sense WWII, Ukraine holding off one of the most powerful military, Israel still has not won the Gaza war, and a little country like North Korea would make our life miserable. Sum it up, very effective inexpensive powerful military weapons available worldwide because of technology. The poorest country, ideologies can now afford advanced military weapons technology. Back to old school thinking.

 

[vegetassj4]

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...

Those penguins and polar bears have been ripping us off for a very long period of time. The ice caps were going to melt, they were going to be gone by now. But now they’re setting records. They’re at a record level. Where the hell is global warming? The POLAR BEAR population has never been stronger. They just take our fish. For many years as many as they want VERY UNFAIRLY.

 

[unchecked]

The MAGA People are fine with Trump being a moral degenerate, they are fine with his bullying the world etc…however once their little retirement nest eggs start rapidly dropping they will turn on him in a second. This might do it.

I don't know. One thing I've learned is never underestimate the ability for people to do stupid stuff. And sometimes that includes self harm in the name of an idol.