Trump threatens 25% tariff on Apple, 50% penalty on EU
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Donald Trump wants Apple to make iPhones in the US. That won't happen, says journalist Patrick McGee, who just wrote a book on Apple's ties to China.
Wall Street fell sharply after President Trump announced tariffs on EU and Apple products, escalating trade tensions. Major indexes dropped, with tech and consumer sectors hit hardest. Fear surged in the markets,
Warren Buffett's knack for investing has made Berkshire Hathaway a very successful business. It is one of a handful of companies to achieve a trillion-dollar market value, and the $77 billion cost basis on its $264 billion stock portfolio means the average position has more than tripled.
Shares of Apple suffer from what I call “Redemption Risk.” This is the risk associated with a stock that has become overloved and overinvested in by both Wall Street and Main Street. Apple has a long history of being a Wall Street darling, with most analysts rating it a “Buy” or “Strong Buy.”
Wall Street indices fell on Friday following President Trump's suggestion of 50% tariffs on the EU. Apple faced pressure due to potential tariffs on iPhones not made in the U.S. Analysts consider the tariffs a negotiating tactic,
A judge blocked Trump from banning international enrollment at Harvard. Trump’s bill would nix billions for climate projects in GOP states. The bill also adds $150 billion for Trump’s immigration enforcement.