Home Business NewsBusiness Trouble for Apple and iPhone suppliers after Trump’s tweet

Trouble for Apple and iPhone suppliers after Trump’s tweet

by LLB Reporter
10th Sep 18 2:56 pm

Shares in Apple and its Asian suppliers tumbled today following the September 8 tweet of Donald Trump where he said that the tech giant should make products in the US if it wanted to avoid tariffs on Chinese imports.

Trump’s tweet came just hours after Apple told US trade officials that proposed tariffs by Washington would affect prices for a “wide range” of Apple items, including the Apple Watch. It did not mention the iPhone.

Apple employs at least 80,000 people in the US and has more than 9,000 US suppliers, the Wall Street Journal reported.

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