The article discusses the significant challenges Apple faces due to Donald Trump's tariffs on Chinese goods. Apple's immense valuation (around 8% of the S&P 500) makes its financial health crucial to global markets. A major crisis could severely impact the economy.
Moving iPhone production from China, which accounts for approximately 90% of Apple's global production, is deemed nearly impossible. Analysts estimate that manufacturing iPhones domestically would triple their current price. The US lacks the necessary manufacturing expertise and infrastructure.
Tim Cook's previous success in navigating Trump's initial threats is highlighted, but the current situation is more challenging. His ability to mitigate the effects of these new tariffs will significantly impact Apple's future and global financial stability.