Why Is Apple Stock Sliding On Friday?

Quick Summary:

Apple Inc (NASDAQ:AAPL) stock declined on Friday after President Donald Trump, via a Trump Media & Technology Group Corp (NASDAQ:DJT) Truth Social post, threatened to slap a 25% tariff on the company’s iPhones sold in the U.S.unless it produces the phones beyond the country’s borders.

Trump said he had warned Apple chief Tim Cook against manufacturing iPhones in countries like India and others.

Apple is positioning India as an alternative manufacturing base as U.S.and China geopolitical tensions sparked concerns over ...

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United StatesChinaIndia

Topics: Stories That Matter Movers US0378331005 DJT Tech Top Stories Why it's moving AAPL News Briefs Benzinga

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-23 @ 15:22:08 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 344 words

Reading Time: 2 minutes read

Sentences: 19 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28926202

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About Benzinga

Main Topics: Technology

Official Website: benzinga.com

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News Last Updated: 8 hours ago

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Publisher ID: #53

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