Apple Plummets, RH Shares Tumble, Lamb Weston Soars on Beat
On this episode of Stock Movers:- Apple (AAPL) shares are down as the iPhone maker is finding itself squarely in the crosshairs of President Donald Trump’s new tariffs, even after a years long effort to insulate the iPhone maker from trade wars and supply chain disruptions. A long list of levies unveiled by the White House are poised to hit the company especially hard, triggering a stock rout. The new reciprocal tariffs — a tax on imported goods in response to existing tariffs — will reach 34% for China. That would bring the total rate on Chinese goods to 54%, threatening to…
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