Technology

Apple shares tumble as Trump imposes tariffs on production hubs, including China

The new levies are likely to squeeze Apple’s margins, given that it is unlikely to hike prices to offset the effects, analysts say.

The announcement jolted investors, who have grown increasingly concerned that tariffs will hurt Apple’s bottom line. The shares fell as much as 7.9 per cent in extended trading.

The stock was already down 11 per cent this year through the close, part of a broader tech retreat. The White House said the new tariffs would kick in on April 9. An Apple representative did not respond to a request for comment.

Apple could be affected further given the need to source components from several other countries and regions that are also being hit by tariffs..