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It was a volatile morning for Apple's stock, which quickly had a $17 swing during intraday trading.

Stocks-App-Icon-and-Apple-Logo-Feature.jpg

Apple shares opened at $177.24 today, as the company's stock price has continued to drop since U.S. President Donald Trump last week announced steep new tariffs. The tariffs will significantly impact Apple, which still assembles the majority of iPhones and many other devices in China, which is facing a 54% tariff starting April 9.

About an hour into the trading session, however, Apple's stock briefly surged to as high as $194.14, following reports that the Trump administration was considering a 90-day pause on tariffs, in all countries except China. A spokesperson for the Trump administration later described that claim as "fake news," resulting in Apple's stock plunging below $180 again. As of writing, shares are trading around the $181 mark.

Many stocks have plummeted since Trump's announcement, amid fears of a prolonged trade war and economic downturn. Apple's stock price has dropped nearly 20% since closing at $223.89 last Wednesday. Trump threatened China with additional tariffs today, adding to the uncertainty that has sent shockwaves through global markets.

Apple has yet to publicly comment on the tariffs, as customers fear that the price of iPhones and other devices may eventually increase.

Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

Article Link: Apple's Stock Had a Wild Morning
 
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Last weekend we updated our aging iPhones to 16s. We weren’t planning on doing it this early, but we wanted to have phones that would be good for a number of years. This is part of our process of making ourselves as secure as possible. We expect them to be bad ones. This includes updating our aging cars with one new one, that we bought outright, and paying off the house. This runs our reserves down, but we shouldn’t have an emergency need for cash for a good long while. Also I expect the buying power of the US$ will start dropping before long so in a couple of years we wouldn’t be able to get these things.
Why is this happening?? Can’t Congress limit Mr. Trump’s powers?
Yes they could, but they won’t. What Trump is doing is clearly illegal and unconstitutional but impeachment is not on the table any time soon. The Republican majority is beholden to the guy who got them back in control of the ship. Until there is enough pain on the ground that Trumps MAGA supporters turn on him and they get political pressure to do something, they won’t. So I expect things will get bad, before they get even worse.
 
The stock market recovered from 08, 20 and it will recover from this, always has, always will. Whether that is under Trump or the next President won't really make a difference. It will be interesting to see though if the stock market actually does recover without removing the Tariffs.
 
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