🚨JUST IN: Apple Stock Dips Pre-Market Following Trump’s Tariff Threat; Crypto Bitcoin and Tech Sector Also React
In a post on X (formerly Twitter) today, former President Donald Trump reignited trade tensions by demanding that Apple manufacture all iPhones sold in the United States within the country — or face a 25% tariff. The post, made early Friday morning, specifically criticized Apple for producing devices in countries like India.
The market reacted swiftly. Apple’s stock fell in pre-market trading, dragging down other major tech stocks as investor concerns over potential trade restrictions and increased manufacturing costs grew. The broader tech-heavy indices showed signs of early weakness, with cryptocurrencies, including Bitcoin, also experiencing a correlated decline — a signal of broader risk-off sentiment among investors.
As pre-market volatility unfolds, market watchers are bracing for potential ripple effects across global supply chains and tech valuations, particularly if such rhetoric signals future policy shifts.
