Apple Shares Slide After Tariffs Threaten to Hit Production Hubs

Apple Inc.’s efforts to protect the company from trade wars and supply chain disruptions by diversifying its overseas production sites suffered a significant blow from US President Donald Trump’s announced tariffs.

The reciprocal levies, announced during a White House event, would reach 34% for China, the administration said Wednesday. That would bring the total rate on Chinese goods to 54%, threatening to roil an Apple supply chain that has the Asian country at its heart.

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