Apple Faces Mounting Pressure as Trump’s Tariffs Threaten Production

Apple shares are facing their worst selloff in over three years as President Trump’s threats of new tariffs cast a shadow over the company’s global supply chain, Bloomberg News' Ryan Vlastelica and Carmen Reinicke reported.

Apple shares are down 21% this year, making it the worst performer among the "Magnificent Seven" tech stocks. Photo: Apple

Trump has warned that Apple products could face a 25% tariff if the company doesn’t relocate iPhone production to the U.S. The stock fell 3% last week, marking its eighth consecutive decline — the longest since January 2022 — though it rebounded 1.7% later on.

Analysts warn that even without implementation, the tariff threats could force Apple to absorb rising costs or pass them on to consumers amid already sluggish growth and AI-related challenges.

“This kind of tariff rhetoric, even if it never materializes, chips away at investor confidence,” said Karobaar Capital’s Haris Khurshid.

Apple shares are down 21% this year, making it the worst performer among the "Magnificent Seven" tech stocks. By contrast, the Nasdaq 100 is up 1%. The CBOE Apple VIX, which gauges expected volatility, surged over 30% last week.