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flag Trump's tariffs hit tech firms, potentially costing Apple $30 billion to shift production.

flag President Trump's tariffs on global imports, especially those from China, are hitting the tech sector hard, with Apple facing significant costs. flag The new tariffs could force Apple to shift some production out of Asia, but moving just 10% of its supply chain to the US would cost $30 billion and take three years. flag This has led analysts to lower their price targets for Apple and Tesla, with Wedbush cutting Apple's target to $250 per share. flag The tariffs have caused tech stocks to plummet, with the Nasdaq Composite entering a bear market.

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