“Donald Trump’s inauguration speech Jan. 20 could be boiled down to: ‘I’m going to put America first,'” Nigam Arora reports for MarketWatch. “As an American, I liked that theme.”
“‘Protection will lead to great prosperity and strength,’ the newly installed President Trump said. He also remarked: ‘We will follow two simple rules: Buy American and hire American,'” Arora reports. “As Trump implements his America-first policy, there could be repercussions for U.S.-based companies that do business overseas. A trade war could lead to higher taxes and tariffs for American companies if other countries retaliate.”
“Nvidia’s stock, which surged 225% last year, is potentially imperiled as the chipmaker is heavily dependent on international revenue,” Arora reports. “Besides Nvidia, the following nine popular stocks are most at risk from Trump’s protectionism: Apple, Broadcom, International Business Machines, 3M, Nike, Skyworks Solutions, Wynn Resorts, United Technologies, and Yum China Holdings.”
More info and links in the full article here.
MacDailyNews Take: Various other ideas (lower corporate taxes, tax repatriation reform/holiday) could benefit Apple. It’s too early to know how Apple will in total be affected by the Trump administration.
Interns: TTK!
SEE ALSO:
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President-elect Trump’s corporate tax reform expected to have some positive impact on Apple EPS – January 14, 2017
Foxconn-Sharp considering LCD plant in USA, plans in response to President-elect Trump’s ‘Make in America’ call – January 13, 2017
Apple invests $1 billion in SoftBank’s massive tech fund; may help company get in President Trump’s good graces – January 4, 2017
President-elect Trump meets privately with Apple CEO Cook, tells tech leaders: ‘I’m here to help you folks do well’ – December 14, 2016
Apple may repatriate billions of dollars next year after new U.S. President takes office – September 1, 2016
With next U.S. President, Apple’s cash may soon be on its way home – August 25, 2016
Apple CEO Tim Cook presses for U.S. corporate tax reform, says no repatriation without fair rate – August 15, 2016
Donald Trump plan calls for cuts in corporate taxes, personal income tax rates – August 9, 2016
Apple CEO Tim Cook has billions of reasons to raise money for the GOP – June 29, 2016
Debt-free Apple to take on debt to avoid huge U.S. repatriation tax hit – April 26, 2013