In an interview published in Monday's Wall Street Journal, President Trump asserted that the next phase of his trade war with China could mean heavy tariffs on Apple's (NASDAQ: AAPL) imported iPhones, computers, and other devices. That may be just a negotiating tactic, or it may be a genuine policy proposal -- it's impossible to know. But assuming it enters the realm of business reality, what would that mean for Apple, for the U.S. consumers who buy its products, and for its shareholders?
United Technologies' Big Split, Trump's Big Apple Threat, and Amazon's Big Day
In the financial media, Apple (NASDAQ: AAPL) and Amazon.com (NASDAQ: AMZN) soak up a whole lot of bandwidth -- and that's natural, considering their sizes and leadership in their segments. And one this week had an upbeat reason for grabbing a piece of the limelight: Amazon's Cyber Monday was its biggest sales day ever. The other endured a bit of a bruising from President Trump, who has said he doesn't think he's likely to make a deal to end the rising trade war with China, and that its next phase could include 10% tariffs on Apple's devices.