Stock Market Today: Trump Tariff Worries Pressure Stocks
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The stock market experienced a downturn as the White House confirmed the imposition of tariffs on Mexico, Canada, and China starting tomorrow. This development has created concerns among investors, leading to a decline in stock prices.
January 31, 2025 | 9:30 pm
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Apple Inc. (AAPL) may be affected by the newly announced tariffs on Mexico, Canada, and China, as these regions are significant in its supply chain and market.
Apple relies heavily on its supply chain in China and has significant sales in all three regions. Tariffs could increase costs and affect sales, leading to potential short-term stock price declines.
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