With President Donald Trump’s tariff policies an ever-moving target, investors are wondering how tariffs on countries like India, China and Mexico will affect consumer prices and, as a result, tech stocks like Apple (AAPL). When Trump first introduced tariffs, with China as the No. 1 target, Apple announced it would move production of its bestselling iPhones to India.
Trump recently imposed punitive tariffs of up to 50% on India, but Apple products, along with other electronics and pharmaceuticals, are exempt from the ban. “These exemptions blunt earnings damage near-term,” said Eric Schiffer, chairman of The Patriarch Organization investment firm.
