President Trump upped the stakes of the trade war in July after threatening to impose a 10% tariff on another $300 billion worth of Chinese imports.
Shares of Apple spiked as much as 6% on Tuesday as part of a market-wide rally in major US stock indexes. The gains came after the Trump administration announced plans to delay planned tariffs until December on a number of Chinese imports including cellphones and laptops. Investors and analysts have been concerned about Apple's vulnerability to the upcoming tariffs because of its reliance on Chinese manufacturing for iPhones and iPads. Watch Apple trade live.
Shares of Apple spiked as much as 6% on Tuesday as part of a market-wide rally in major US stock indexes. The gains came after the Trump administration announced plans to delay planned tariffs until December on a number of Chinese imports including cellphones and laptops. Investors and analysts have been concerned about Apple's vulnerability to the upcoming tariffs because of its reliance on Chinese manufacturing for iPhones and iPads. Watch Apple trade live.
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