Apple helped China become America's biggest tech rival
a year ago
- #Trump
- #China
- #tariffs
- President Trump initially threatened steep tariffs on trading partners but then offered a 90-day pause.
- China was an exception, facing even higher tariffs.
- Some electronic devices, like smartphones and computers, were exempted from tariffs, sparing US tech companies.
- Apple lost nearly $800 billion in market value, which may explain Trump's sudden policy shift.