Apple will announce a $100 billion investment in the US today. The White House says that Trump will make the announcement today (whether they want to or not - Tim Cook will be in the US today so I assume he is all in). Shares are currently trading up 1.41% in premarket trading at $205.80.
Looking at the daily chart of Apple, it fell back below its 100-day moving average earlier this week at $206.05. With the price currently trading at $205.80, the price still remains below that moving average. It would take a move back above the level to tilt the technical bias more to the upside. The all-time high price came in at $260.10.
Apple filter products in India and in China, two countries that are in the crosshairs of Trump in regard to tariffs. That is headwind that would be a problem. Most people think that the cost of producing a phone in the US would be much higher than the cost in India and China.
In addition to price issues with things like iPhones, Trump is also proposing that there will be tariffs put on chips made outside the United States as well.
Make America not so Great Again, but tariff revenue will be coming in.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about apple to announce a 100 billion investment in the us today was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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