Apple's Stock Plummets Amid US-China Trade War, EU Tariffs
Apple's stock has plummeted from over 200 to 165 euros since early April, resulting in a staggering loss of over 300 billion euros in market value. The US-China trade war, intensifying with US President Trump's pressure, is significantly impacting international brands like Apple.
The trade dispute has led the EU to impose countermeasures on US imports, including a wide range of products, starting April 15. These tariffs, a response to Trump's initial tariffs on European goods, primarily target US products entering the EU. Experts warn that Apple, as an American company manufacturing most of its products in China, could face substantial price increases. If Apple passes on the extra costs, iPhones could surge by up to 43 percent, with iPads, Macs, and AirPods not far behind at 39 to 42 percent. This means an iPhone 16 Pro Max could potentially reach almost $2300 in the US or around €2090. Apple's production facilities worldwide, including those in Vietnam and India, are also affected by the tariffs, which are over 50 percent.
The EU countermeasures against US tariffs are set to take effect from April 15, potentially driving up prices for Apple's products. With Apple heavily affected by the tariffs, consumers worldwide may soon feel the impact on their wallets.
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