This Is Apple's (AAPL) Plan to Avoid Trump's Tariffs on China
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Trump has placed at least a 54% tariff on goods from China, while Indian goods face a lower 26% tariff. China responded by adding a 34% tariff on certain U.S. products. On top of that, Trump recently threatened an additional 50% against China if it doesn't remove its retaliatory tariffs, which caused Apple's stock to fall in today's trading.
Even though Apple is working to diversify where its products are made, it still relies heavily on China to manufacture iPhones. As a result, analysts at Needham say that if Apple doesn't get a tariff exemption, its earnings for Fiscal Year 2025 could drop by 28% or more. That makes the outcome of Trump's tariff policy especially important for how it will conduct its operations going forward.
Is Apple a Buy or Sell Right Now?
Overall, analysts have a Moderate Buy consensus rating on AAPL stock based on 17 Buys, 11 Holds, and four Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average AAPL price target of $248.28 per share implies 38.4% upside potential.
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Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Who knows, the U.S. Senate may even find its spine and take back much of its Constitutional authority over tariffs. It's also just possible large sections of his MAGA base will turn on Trump as his tariff policies increase inflation and unemployment. Could happen. In the meantime, Canada has to make whatever deal it can with Trump while also making itself more resilient against U.S. trade sanctions. Keep in mind that the Americans' much-touted deals with the E.U., the U.K. and Japan aren't really deals at all. There are no documents, the details are sketchy and the two sides in each now disagree over just what each deal contains. Trump just likes the show of being Mr. Tough Guy, of having other countries' leaders appear to bow before him and kiss his ring. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. It won't be easy for Canada to get the same kind of 'deal' as those other countries. Trump seems to have a special hate on for Canada. And we are being backburnered by the Trump administration. Our concerns are being handled by mid-level officials, not boss-to-boss, despite Prime Minister Mark 'Elbows Up' Carney insistence that he knows Trump, knows who to deal with him and is uniquely qualified to reach an agreement. If we could even just return to Harper-era export levels with the U.S., Canada would be far less vulnerable. Under Stephen Harper's government, about 75 per cent of our foreign trade was with our southern neighbour. Now, thanks to the Liberals' complete indifference to all things economic, Ottawa has taken the easy path for the last 10 years until we are reliant on the Americans for 90 per cent of our trade. This advertisement has not loaded yet, but your article continues below. They account for around one-quarter of our GDP, while we account for less than three per cent of theirs. That means Canada has a need for a deal, but lacks leverage. So we need to export more to other countries to make us less susceptible to shocks from the U.S. Read More But given all that, where is the leadership from Carney? Remember his expansive promises to bring down internal trade barriers and get major projects going that would help us expand our exports around the globe? Name me one such objective he has checked off to date. We're never going to get over our dependence on the U.S., nor should we want to. Theirs is the largest, richest economy in the world and we have primo access to it. This advertisement has not loaded yet, but your article continues below. But we do need to make the most of our natural resource potential by opening mines, building pipelines and constructing or expanding ports. Yet while Carney talks about all those things, his latest 'action' on constructing a promised economic corridor came Thursday when he promised Indigenous groups that would have a quasi veto over projects they disliked. 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