Apple's Tim Cook thought he had a Plan B for Trump's tariffs. It wasn't enough.

[Yo_Mama_Been_Loggin]

Apple (AAPL) CEO Tim Cook has spent years trying to shield the tech giant from tariffs by reducing its reliance on China, shifting production to countries like India and Vietnam in a strategy that dates back to President Trump’s first-term tariffs on Beijing.

But that effort now appears to have run into a familiar obstacle: Trump once again.

Apple stock erased over $100 billion from its market cap early Friday after Trump said the iPhone maker must pay at least a 25% tariff unless its iPhones are made in the US.

The warning underscores the limits of Apple’s recent effort to insulate itself from geopolitical risk.

https://finance.yahoo.com/news/apples-tim-cook-thought-he-had-a-plan-b-for-trumps-tariffs-it-wasnt-enough-173618492.html

[rickyhall]

1. There's an answer. Eventually they'll get to it.