Apple Stock Soars as US & China Trade Truce Offers iPhone Tariff Relief

Apple Stock Surges on US-China Tariff Pause: Trade tension eased, boosting AAPL as tariff suspension fuels market optimism and growth prospects.

Apple (AAPL) stock is rising steadily today on a surprising news update regarding China.
Shares plunged in March and is still trying to make up lost ground.
Ongoing trade tensions between the U.S. and China have created difficult market conditions for many tech stocks.
Speculation that tariffs will lead to higher iPhone prices caused experts to reassess Apple’s growth prospects.
Apple is leading the tech charge with gains of 6% so far.
After months of high tensions and tit-for-tat negotiations, Presidents Trump and Xi Jinping have agreed to a temporary pause on tariffs.
Both nations have agreed to suspend tariffs for 90 days while negotiations continue.
The U.S. will lower its tariff on Chinese imports from 145% to 30%, and China will reduce its U.S. import tax from 125% to 10%.
Apple CEO Tim Cook estimated that the tariffs would impose a cost of roughly $900 million on his company during the coming quarter.
Apple’s valuation is naturally more closely tied to tariff policy than its other big tech rivals.
Market momentum continues to shift in a positive direction