The world’s most valuable company, Apple, can again boast a market cap of above $3 trillion after President Trump exempted tariffs on its best-selling products, the iPhone.
Apple shares closed 2.2% higher on Monday, bringing its market value to $3.042 trillion. On Friday, the market cap was $2.976 trillion by the close of trading.
Late Friday, the Trump administration said technology goods like smartphones and PCs were going to be exempted from tariffs on China.
MacDailyNews Note: The rollercoaster is just on a flat straightaway right now. The ride is not over. More fun to come!
President Trump remarked on Sunday via Truth Social about his latest tariff moves:
NOBODY is getting “off the hook” for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst! There was no Tariff “exception” announced on Friday. These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff “bucket.” The Fake News knows this, but refuses to report it. We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations. What has been exposed is that we need to make products in the United States, and that we will not be held hostage by other Countries, especially hostile trading Nations like China, which will do everything within its power to disrespect the American People. We also cannot let them continue to abuse us on Trade, like they have for decades, THOSE DAYS ARE OVER! The Golden Age of America, which includes the upcoming Tax and Regulation Cuts, a substantial amount of which was just approved by the House and Senate, will mean more and better paying Jobs, making products in our Nation, and treating other Countries, in particular China, the same way they have treated us. The bottom line is that our Country will be bigger, better, and stronger than ever before. We will, MAKE AMERICA GREAT AGAIN!
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That’s one way to spin the chaos.
Before all the recent tariff nonsense, Apple’s valuation was more than $3.7T.
Crediting Trump for the rise “above $3T” is seeing the world with very strangely colored glasses. Sort of like crediting the arsonist for pouring some water on the house fire he started in the first place.
You should learn how Trump compelling for tariffs. China and Europe have been doing lots of damages to our economy. If Trump doesn’t stop the unfairness, China’s economy crush us, our country will crumble more unemployment, more homeless, more people engaging in fentanyl. Previous presidents should intervene many decades ago but they chose not. Thanks god finally there’s Trump put his foot down. Thanks Patriotic president Trump who put America first. MAGA 🇺🇸🇺🇸😀👍
It’s so nice that China makes many of our critical medicines, materials for computer chips and rare earth materials that have military applications. If Don would have left things as-is, we would have been happy as clams and China would eventually be flying more than “weather balloons” over our spacious skies and we would have thought it was an air show for our own entertainment and AAPL could be a $4T dollar company.
The jobs that China has “taken” from the USA are the worst of three worlds: They require a highly skilled/trained labor force, yet they are incredibly low-paying, and utterly monotonous. On top of that, they require HUGE factory cities, which no one in the USA wants to live in or have in their backyard. Unless… the USA wants to allow a large pool of immigrant labor to come into the country.
No one is arguing that the US shouldn’t do something about unfair tariffs, but Trump seems to have taken the most destructive path possible to solve the problem, and it’s still unclear what exactly he wants. After the European Union and Vietnam indicated their willingness to negotiate lower tariffs if America would do the same, Trump’s lackey, Peter Navarro immediately crapped all over the idea. “When they come to us and say, we’ll go to zero tariffs, that means nothing to us,” he said.
To quote an article from Reason: “there’s really no coherent strategy or justification. Administration officials keep cycling through all kinds of talking points, from other countries are ripping us off to we need supply-chain independence from China for national security reasons to reshoring American manufacturing will revitalize the middle class to trade deficits are fundamentally unfair and a really big problem to this is all a negotiating tactic to create more free-trade agreements than before. There’s also the tax cuts are coming super soon, which will offset the tariff pain talking point. But consider too that it’s a bit of a Potemkin administration, from the formula used to calculate the tariffs—touted as reciprocal but, in fact, based on trade deficits, seemingly generated by ChatGPT—to the sources cited by its top advisers (like Ron Vara–an imaginary expert created by Navarro).
To be more accurate Apple is worth much more than 3 trillion because of Biden and his economy, not because of Trump. Trump is the reason it’s now only worth 3 trillion.
Biden inflated assets (not the good you think it is) because he devalued the dollar by flooding the econ. Stock market, real estate, hedge funds increasing isn’t necessarily a sign of a well managed econ. In such times (Biden’s time), those with assets benefitted. Those w/o, got hit in the groin…it’s called (the other side of) inflation.
Tim Cook’s smooching of that big fat orange rear end sure seems to be paying off!