Tariffs latest: Trump’s 10% worldwide tariff kicks in as world leaders hold talks over response | Money News
With all the talk about tariffs and global trade wars and politicians, it can be easy to overlook just how the tariffs might affect everyday people.
We previously reported, see our 9.04am post, on how one British business was reacting.
But let’s take a look at one incredibly popular product and how tariffs might impact that.
Apple’s iPhone
One of the most popular smartphones on the market, Apple’s iPhone is a beloved product relying on a chain of resources and production spanning the globe.
Like all companies with exposure in China, the immediate impact on Apple saw it drop 7.3% in the aftermath of Donald Trump’s tariffs.
This exposure is exemplified by the world’s largest iPhone manufacturing facility…
