Apple stock dropped 4.2% due to increased tariffs on Chinese-made products

From Nasdaq: 2025-04-10 16:27:00

Shares of Apple (NASDAQ: AAPL) dropped 4.2% in Thursday’s trading, outpacing the S&P 500 and Nasdaq Composite declines of 3.6% and 4.4%. President Trump announced a 90-day tariff suspension except for China, but new information revealed a 145% tariff rate instead of the previously mentioned 125%. Apple could face challenges due to its reliance on Chinese manufacturing. Analysts suggest Apple may shift production to India, but could still face a $7-8 billion hit on iPhone sales. Despite this, an analyst maintains an overweight rating on Apple with a price target of $220 per share.



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