Apple Jumps on Tariff Exemptions, Southwest & Chipotle Lower Price Targets
On this episode of Stock Movers: - Apple (APPL) shares jump 4.5% on Monday after US President Donald Trump’s administration temporarily exempted phones, computers and chips from its so-called reciprocal tariffs. The exclusions, published late Friday by US Customs and Border Protection, narrow the scope of the levies by excluding the products from Trump’s 125% China tariff and his baseline 10% global tariff on nearly all other countries. However, following the exemptions, Trump went on to pledge that he will still apply tariffs to popular consumer electronics — making the…
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