Apple stock drops almost 10% on market open in reaction to new tariffs

Apple’s stock dropped nearly 10% after new tariffs were announced, hitting its hardware-dependent business hard. The tariffs impact key supply chain regions like China, India, and Vietnam. After falling 7% in after-hours trading, AAPL opened lower at $203. While Apple previously received exemptions under Trump, uncertainty remains about future relief, leaving investors concerned.

Source: 9to5Mac