Apple is left without a life raft as Trump’s China trade war intensifies, analysts warn

People shop at an Apple store in Grand Central Station in New York on April 4, 2025. Though U.S. President Donald Trump's 90-day pause on many of his "reciprocal tariffs" has given some firms and investors respite, America's largest company, Apple , hasn't been so lucky. The Cupertino-based tech giant is heavily reliant on supply chains in China, which has seen its levies only continue to ramp up, with the U.S.' cumulative tariff rate on Chinese goods now standing at 145%. Thus, despite the U.S. trade situation looking more promising for much of the world, experts say that U.S.-China negotiations remain the most important variable for Apple. "Apple could be set back many years by these tariffs," Dan Ives, global head of technology research at Wedbush Securities, told CNBC, adding that the company had "had their boat flipped over in the ocean with no life rafts." The smartphone maker has been diversifying its supply chain from China for years, but out of the 77 million iPhones it s ... Read full article.