Apple Stock Jumps on Tariff Delays
With the holiday shopping season on the horizon, many companies and consumers have been worried about rising costs at a critical time of the year following President Trump's announcement earlier this month that the U.S. would impose additional 10% tariffs on $300 billion worth of Chinese goods starting on Sept. 1. Companies and economic experts have urged the administration not to follow through with the extra taxes, pointing to potential harm to the U.S. economy.
The tweeter in chief has now partially acquiesced and agreed to delay some of the tariffs, sending Apple (NASDAQ: AAPL) shares higher.
Image source: Apple.
Source Fool.com
