Apple, Trump and iPhone
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Apple’s stock has sold off on tariff fears, but the company still has a healthy business underpinned by a sticky ecosystem and robust array of services offerings.
The president said he would issue a 50% tariff on the EU and a 25% tax on Apple in a pair of Truth Social posts.
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President Trump lashed out at Apple CEO Tim Cook as he wielded more tariff threats against the European Union pressuring U.S. stocks which are on pace for weekly losses. The 10-year Treasury yield hovered near 4.