Why the US-China Trade War May Not Affect Apple Much
Apple (AAPL) stock fell 1.3% on July 11 as a result of the escalating US-China trade war, while the tech-heavy NASDAQ Composite fell 0.6%. The Trump administration announced on July 10 that it would assess 10% tariffs on an additional $200 billion in Chinese goods. Apple’s stock performance has been choppy over the last couple of months due to the trade tensions.