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Apple and other US tech groups hit as Donald Trump targets suppliers

  • US President Donald Trump unveiled tariffs on Wednesday, impacting key trading allies.
  • Global trade experts believe these tariffs will have ripple effects across various industries.
  • The tariffs included a baseline of 10 percent for all countries, with higher rates for some.
  • According to Citi, China faces an aggregate tariff of 54%; Apple estimates a 9% negative impact.
  • Stock markets responded negatively, and analysts warned of global supply chain destabilization.
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‘Can’t just flip a switch’: Rerouting supply chains amid tariffs poses major hurdles

MONTREAL — The notion that Canadian companies can simply switch supply chains in response to American tariffs is a fantasy, experts say. With 25 per cent duties levied on some Canadian goods and the possibility of more tariffs to come, businesses north of the border are looking elsewhere to source their material and sell their […]

·Toronto, Canada
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regionalmedianews.com broke the news in on Tuesday, April 1, 2025.
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