Trump tariffs impact supply chains Apple developed to reduce its China dependency

Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President JD Vance, left, in the rotunda of the U.S. Capitol in Washington, Jan. 20, 2025. In the past few years, Apple has sold Americans iPhones made in India, AirPods from Vietnam and Mac desktops assembled in Malaysia. It was part of a strategy by Apple to diversify its manufacturing from China. Apple employed the strategy as a hedge for its supply chain after the company dealt with tariffs by the first Trump administration, supply chain issues tied to Covid and chip shortages that revealed the risk the company was at by primarily producing out of China. It seemed like a solid strategy. Until President Donald Trump's "reciprocal tariffs" this week hit those countries, too. Now, Apple is leading the decline among technology stocks on Thursday after the company's secondary production locations were all included in the round of tariffs announced by Trump on Wednesday. ... Read full article.