List of Flash News about Trump tariffs iPhone
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2025-05-23 11:47 |
Apple Stock Drops 3% in Pre-Market as Trump Threatens 25% Tariffs on iPhones: $90 Billion Market Cap Loss and Crypto Market Implications
According to Michael Burry Stock Tracker (@burrytracker), Apple shares fell 3% in pre-market trading after Donald Trump warned of a potential 25% tariff on iPhones unless they are produced in the USA, resulting in an estimated $90 billion loss in market capitalization. This substantial tech stock volatility could drive increased interest and capital flow into Bitcoin and other cryptocurrencies as traders seek alternative hedges against US equity uncertainty. Such macroeconomic shocks have historically triggered short-term rallies in digital assets, suggesting traders should closely monitor Bitcoin price action and altcoin volume for potential trading opportunities in response to this news (source: @burrytracker on Twitter, May 23, 2025). |