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Tariff Calculation Flaw
- Trump's tariff calculations are based on trade deficits, not actual tariff rates.
- This disconnect reveals a misunderstanding of trade and a manipulation of data.
Apple's Tariff Burden
- Apple faces $40 billion in tariff costs, impacting its bottom line and market capitalization.
- Producing iPhones domestically is too costly, so tariffs mainly raise prices and hurt shareholders.
Tariff Uncertainty
- Tariff uncertainty disrupts business planning.
- Companies reconfigure supply chains to exclude U.S. manufacturers.