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World NewsEconomy

"Apple" loses 3 trillion dollars after Trump's statements.

May 24, 20251 ViewsRead Time: 2 minutes
"Apple" loses 3 trillion dollars after Trump's statements.
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Shares of "Apple" witnessed a decrease of more than 2% during trading on Friday, May 23, influenced by statements made by U.S. President Donald Trump, who announced via "Truth Social" platform the necessity of imposing a 25% tariff on "iPhone" devices sold in the United States if they are not manufactured locally.

The decline in the stock price led to a decrease in the market value of "Apple" to less than 3 trillion dollars, a level the company has not seen since May 9. Meanwhile, both "Microsoft" and "Nvidia" maintained their market values above the 3 trillion dollar mark.

Trump had issued a direct warning to "Apple" in his post, saying: "I have long told Tim Cook, the CEO of Apple, that I expect iPhones to be made and built in America that will be sold in the United States, not in India or anywhere else. If that does not happen, Apple must pay at least a 25% tariff to the United States."

Financial analyst "Dan Ives" from "Wedbush" criticized the announcement in a memo issued on Friday, describing the idea of "Apple" manufacturing its phones in the United States as "an unbelievable illusion," pointing out that executing it is "unrealistic" and may take between 5 to 10 years.

It is worth noting that "Apple" primarily relies on China for manufacturing "iPhone" devices, with some production being shifted to India to improve trade relations with the United States. Analysts on Wall Street expect that relocating the production line to U.S. soil could lead to a price increase of no less than 25% for the phone.

"Apple" shares are heading towards recording eight consecutive losing sessions, marking the longest decline streak since January 2020, shedding light on the repercussions of trade and political decisions on the company's performance in global markets.

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