Stock Market News – Apple in the crosshairs of a trade war: will it take a major hit?
Posted on September 12, 2018 at 2:39 pm GMTApple’s stock is trading 2.5% lower from a record high of $229.67 touched on September 5. The major catalyst behind the recent fall are growing concerns the company will take a hit on the back of rising prospects for a full-blown trade war between the US and China, given that a considerable part of the firm’s supply mechanism is China-based. The US imposes tariffs on China and the latter’s economy suffers as a result, right? Yes and no, or at [..]