Apple shares dropped 4% to $193.46 after Trump warned of a 25% tariff on iPhones made outside the US. Wall Street also slumped, with major indices falling sharply and volatility spiking amid escalating global trade tensions. In a separate message, the president said Apple had failed to move iPhone production to the United States despite his repeated requests.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets