Apple may see some relief from tariffs. Image source: Apple
It has been a rollercoaster week as President Trump finally enacted global “reciprocal” tariffs in an attempt to either bring manufacturing to the United States or be used as a negotiating tactic to lower other country’s tariffs. The administration retaliated against China on Wednesday morning with a 104% tariff, then increased that tariff to 125%, and lowered every other tariff to the base 10% for 90 days.
Apple’s stock bounced back slightly on the news of the pause, but after the market close, President Trump suggested that some companies may be considered for an exemption. He previously stated there would be no exemptions outside of the ones outlined already on “Liberation Day,” but like with the global tariffs, he’s changed his mind, citing “flexibility.”
