Author Topic: Apple says proposed tariff list covers a wide range of Apple products  (Read 145 times)


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Apple says proposed tariff list covers a wide range of Apple products

It was bound to happen if tariffs are put on all goods from China
Apple is saying that the proposed tariff list covers a wide range of Apple products.  Since Pres. Trump proposes tariffs on an additional $267b which pretty much means all goods imported from China, that would make sense. 

The current price is down -$1.20 or 0.54% at $221.90. Recall in August, the shares of Apple moved above $206 and that took the market capitalization above $1T. 

This week Amazon briefly traded above the $1T market capitalization level at $2050 level. It is trading at $1953.67 today - nearly $100 from the week's high. 

The Nasdaq - and major indices  - are back in the red as the week comes to a close and the reality of the scope of the tariffs sinks in.  Going from $50B to $500B is a steep increase.   

Ref. forexlive
« Last Edit: September 08, 2018, 09:52:55 am by FXshooting »

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