Apple (NASDAQ:AAPL) shares dipped 0.5% in early trading Wednesday following remarks from White House trade advisor Peter Navarro, who suggested the tech giant believes it is “too big to tariff.”
Speaking on Fox Business, Navarro commented on the current trade negotiations, saying, “Apple thinks it’s ’too big to tariff’,” hinting that the company may expect to avoid certain trade penalties due to its size and influence.
He also emphasized that “markets understand trade letters are negotiations,” highlighting that statements about trade policies should be seen as part of ongoing discussions rather than definitive actions.
In the same interview, Navarro pushed for looser monetary policy, declaring that the “Federal Reserve should cut rates in July,” reflecting growing expectations for interest rate reductions.
Apple, heavily dependent on manufacturing in China, remains vulnerable amid the escalating trade tensions between the U.S. and China. The company has previously requested exemptions from tariffs on key parts and products within its supply chain.
The modest drop in Apple’s stock price signals investor worries over the possible cost pressures and margin effects if additional tariffs are imposed.
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