Trump threatens Apple with tariffs
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With Alphabet losing against the U.S. Department of Justice in multiple antitrust cases, the writing may be on the wall for Apple's lucrative deal with the search giant. Apple receives around $20 billion annually from Google to make Google the default search engine on its devices.
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Apple’s stock has sold off on tariff fears, but the company still has a healthy business underpinned by a sticky ecosystem and robust array of services offerings.
The president said he would issue a 50% tariff on the EU and a 25% tax on Apple in a pair of Truth Social posts.
Apple stock price has sold off this year, making it the top laggard in the Magnificent 7 group. What next for the AAPL shares this year?
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You can get in touch with Peter by emailing [email protected]. Languages: English. Apple's stock has dropped on Friday as trading opened following President Donald Trump's Truth Social post in ...
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Apple Inc. has become a frequent target for attacks by President Donald Trump, a factor that has held the stock back as other big tech companies have rebounded over the past month.