Apple has lost 10% since Trump first tweeted about the latest round of tariffs on Sunday, May 5, and it is seen as a 'poster child' of the trade war.
Apple was higher Tuesday with the overall market, but its 10% decline since President Donald Trump's first tweet May 5 about the latest round of tariffs has largely been due to trade. Apple stock has also been negatively impacted by some lawsuits including themany US companies are impacted Apple is closely tied to China as both a marketplace for its iPhone and othe products, and as part of its supply chain, with its Foxconn iPhone factory.
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The fearful dumb money sold last week as the smart money is buying this week