Trump just took the China trade war to a new level, and it could be a 'gut punch' for Apple, analyst says

Business Insider - 08-02

0MTsLjUA

President Donald Trump's newly announced 10% tariffs on $300 billion worth of Chinese goods could weaken iPhone demand and negatively affect the company's earnings. In a new note outlining the possible ramifications of the tariffs on Apple, analysts at Wedbush Securities called the move a "potential gut punch" for the company.