President Trump Comments on Apple Inc. (AAPL) Manufacturing in the U.S.

NASDAQ: AAPL | Apple Inc. News, Ratings, and Charts

AAPL – President Trump tweeted – “Apple prices may increase because of the massive Tariffs we may be imposing on China – but there is an easy solution where there would be ZERO tax, and indeed a tax incentive. Make your products in the United States instead of China. Start building new plants now. Exciting!”.

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

Apple Inc. (NASDAQ:AAPL) was a topic of conversation of President Donald Trump on Twitter over the weekend, and that has led to some ripple effects. Let’s just say the tech titan’s suppliers had a rude awakening on Monday morning.   

CNBC has the news on Apple.

Shares of Apple suppliers fell across Asia on Monday after U.S. President Donald Trump tweeted that the tech giant should make products in the United States if it wanted to avoid tariffs on Chinese imports.

Trump’s comment came after Apple told U.S. trade officials on Friday that proposed tariffs by Washington in an escalating trade war with China would affect prices for a “wide range” of Apple items, including the Apple Watch. It did not mention the iPhone.

As the president sees it, Apple can avoid raising prices by working around potential China tariffs by bringing manufacturing of its products to the US. “Make your products in the United States instead of China,” he wrote in part. “Start building new plants now.”

Apple suppliers including China-based Shenzhen Sunway Communication Co., and Suzhou Dongshan Precision Manufacturing were hit hard when overseas trading opened this morning.

Apple Inc. shares rose $0.90 (+0.41%) in premarket trading Monday. Year-to-date, Apple Inc. (AAPL - Get Rating) has gained 32.27%, versus a 8.69% rise in the benchmark S&P 500 index during the same period.

Apple Inc. (AAPL - Get Rating) currently has a StockNews.com POWR Rating of A (Strong Buy), and is ranked #1 of 28 stocks in the Technology – Hardware category.

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

Top Stories on StockNews.com

: hexo | HEXO Corp. Common Shares News, Ratings, and Charts

Why this analyst just rated shares of HEXO a “buy”

Yesterday MKM Partners analyst Bill Kirk initiated coverage of Hexo Corp. (HEXO) with a "buy" rating.
NYSE: SPY | SPDR S&P 500 News, Ratings, and Charts

What is the Worst Case Scenario for Stocks?

We need to consider just how bad things would get for the S&P (SPY) if the China deal fell apart. Yes, other indices would likely take it even harder. Let's review how this would likely unfold and our trading strategies.
: CGC | Canopy Growth Corporation  News, Ratings, and Charts

What's next for Canopy Growth (CGC), as Bruce Linton finally moves on

For the world's largest cannabis company by market cap, Canopy Growth (CGC) has seen its fair share of shake-ups in the past few months.
NYSE: SPY | SPDR S&P 500 News, Ratings, and Charts

What Quadruple Witching Friday Means for Investors

A bigger factor in the dampening of the witching effect is the explosion of new products and expansion of expirations offered. Continue reading to see what quadruple witching Friday means for investors.
NYSE: SPY | SPDR S&P 500 News, Ratings, and Charts

Repo Market Chaos Could Lead to a Crisis

Chaos in short-term funding markets this week forced the Federal Reserve to step in with a series of overnight rescue operations. Continue reading for more details.

Read More Stories


More Apple Inc. (AAPL) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All AAPL News
Page generated in 1.5527 seconds.