Apple faces renewed pressure from global trade tensions, with potentially unprecedented consequences for the tech giant.
US President Donald Trump’s 2 April executive order established reciprocal tariffs on imported goods from China, India, Vietnam, and other countries central to Apple’s supply chain. The move led to a $640 billion drop in Apple’s market value within five days.
“It’s the most puzzling, illogical policy move we’ve seen in years,” says Dan Ives, managing director at Wedbush Securities, told CNBC
. “Apple is at the centre of this…