Apple shares hammered after Trump tariff announcement

Apple stock took a huge dive in after-hours trading following the unveiling of new tariffs, and it just got worse when the markets opened.Tim Cook (left) and President TrumpPresident Trump's tariffs have affected every single country that supplies Apple. That means Apple now has to pay much more for every import, and is unlikely to avoid raising its prices.Consequently, the markets immediate reacted to the prospect of American consumers facing higher prices, and saw high volume sell-offs almost universally. This affected all technology firms, but in this extended after-market period, Apple was the worst hit, with its shares dropping around 7.5%. Continue Reading on AppleInsider | Discuss on our Forums