Trump Tariffs Clips Stock Market Rally As Mueller Probe Gets Serious [Investor's Business Daily]
Apple Inc. (AAPL)
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Source: Investors Business Daily
Related news President Donald Trump has reportedly told his top trade officials to move forward on imposing tariffs on $200 billion worth of Chinese imports. A major escalation of the China trade war could come any day, but there's no word yet on whether the Trump tariffs will be 10% or closer to 25%. The news, which hit just after reports that Trump's former campaign manager Paul Manafort struck a deal cooperating with Special Counsel Robert Mueller, turned a modest morning rally upside down on the stock market today . The Dow Jones industrial average, S&P 500 index and Nasdaq composite all retreated in the afternoon below they all closed little changed. The Trump administration will reportedly make some adjustments to its initial list of $200 billion in Chinese imports. A wide range of businesses have filed public comments saying the tariffs would hurt them. Apple stock traded down 1.3% after the report, extending early losses. Apple ( AAPL ) said on Sept. 7 that the coming round of
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AAPL
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AAPL
Sec Filings
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- 4/15/24 - Form 4
- 4/15/24 - Form 4
- AAPL's page on the SEC website