Market Reactions
's shares plummeted by over 9%, leading a significant downturn in the tech sector and resulting in a loss of more than $311 billion in market value. Other tech giants like Amazon, , and Meta also experienced steep declines.
The tariffs, part of Trump's economic strategy, are set to affect a wide range of tech products, from iPhones to Macs, with Apple being particularly vulnerable due to its heavy reliance on Asian manufacturing hubs.
Strategic Responses and Industry Analysis
Analysts predict Apple may have to absorb the tariff costs, potentially leading to a significant reduction in its net profit, or pass the increased costs onto consumers with price hikes.
Despite previous efforts to diversify its supply chain and reduce dependency on , Apple's strategic moves to and now face additional challenges due to the new tariffs.
