Apple navigates Trump’s tariffs

US President Donald Trump’s announcement of “reciprocal” tariffs caused havoc in the markets, notably hitting Big Tech stocks such as Apple. The company lost more than $300bn in market value the next day, and its path forward is complicated. The FT’s San Francisco correspondent Michael Acton explains why the iPhone maker is vulnerable, and what options it has to minimise the damage.Clips from PBSNewshour, C-SPAN- - - - - - - - - - - - - - - - - - - - - - - - - - For further reading:Apple loses more than $300bn in market value from Trump tariff hitApple and other US tech groups hit as Donald Trump targets suppliersFraying transatlantic ties will cost companies dearlyAnd for further listening: Why Apple can’t leave China- - - - - - - - - - - - - - - - - - - - - - - - - - Follow Michael Acton on X (@MActon93). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.