apple shares drop on word tariffs could hit iphone, apple watch & more

Apple shares drop on word tariffs could hit iPhone, Apple Watch & more.   Friday, September 07, 2018, 01 PT.   Apple took Friday stock trading, reaction to U.S.   President Donald Trump's announcement that the country could slap tariffs on additional $267 Chinese-made products — impacting iPhone, Apple Watch and some other important products...   Trump delivered his news to scrum of reporters on Air Force One, telling them that the new tariffs could come very soon depending on what happens, according to Bloomberg..   On Thursday Apple joined Cisco, HP Enterprise, and other tech firms in sending letter to U.S.   Trade Representative Robert Lighthizer, warning of the potential damage tariffs could cause.   Apple cited Apple Watch, AirPods, and Apple Pencil and devices like iPhone would be affected as well given China-centric supply chain..   In Securities and Exchange Commission filing, that tariffs and other protectionist measures could hurt the company financially.   In Trump has assured CEO Tim Cook that iPhone would not be affected, except the leader has reversed course on other promises in the past...   Read more