Apple and Tesla Face Major Setbacks as Trump’s New Tariffs Shake Up Global Tech

Apple and Tesla are facing huge stock slashes due to Trump’s tariffs on China, with analysts warning of long-term damage.

Matilda

Apple and Tesla Face Major Setbacks as Trump’s New Tariffs Shake Up Global Tech

The economic fallout from President Trump’s latest round of tariffs is hitting two of the biggest tech giants—Apple and Tesla—hard. As someone who closely follows the intersection of tech and global policy, I’m seeing firsthand how volatile the market can get when politics and business collide. Image:Google Trump's Tariffs: A Nightmare for Apple and Tesla According to Wedbush Securities analyst Dan Ives, Apple is facing what he calls an “economic Armageddon.” Why? Because around 90% of iPhones are still produced and assembled in China. That leaves Apple heavily exposed to any economic tremors coming from U.S.-China trade tensions. As a result, Ives slashed Apple’s price target by a whopping $75—from $325 to $250. Apple shares took a beating, dropping by 4.3% to $180. And if the current political climate continues, we may not have seen the bottom yet. Tesla isn’t far behind. Ives lowered Tesla’s price target from $550 to $315. While that’s still above Tesla’s current share price ($233.9…

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