Apple, Trump and iPhone
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Stocks tumbled in early trading on Friday after President Donald Trump threatened new tariffs targeting tech giant Apple and the European Union. The Dow Jones Industrial Average dropped 458 points, or 1.
While the Japanese firm didn't explicitly call out tariffs as the reason, the fact that the increases were only coming for the US market was telling.This followed on the heels of perhaps the largest retailer to issue a price increase warning: Walmart.
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GOBankingRates on MSNWords of Wisdom: 3 Money Experts’ Takes on Trump’s Tariffs — and Whether You Should WorryIn the wake of President Donald Trump’s shockingly steep tariffs levied against all of America’s trade partners, followed by retaliatory tariffs from those other countries (as well as multiple unpredictable pauses to Trump’s tariffs),