Background and Impacts
Most of Apple’s products are manufactured in China. Recently, US President Donald Trump imposed massive tariffs on Chinese imports, which would have led to significant cost increases for Apple. The decision by the US Customs and Border Protection to exempt smartphones and computers from tariffs provides a great relief for the company. This exemption is retroactive from April 5 and affects a total of 20 product categories.
Market Development and Analyst Opinions
The announcement of tariff exemptions led to a significant increase in Apple’s stock price by about 4.5%. Analysts view this as a positive signal for the future development of the company. Evercore predicts an upside potential of about 38% with a target price of $275. Goldman Sachs raised its target to $259 with a “Buy” rating, while JPMorgan lowered its target to $245 but maintains a positive outlook.
Uncertainties Despite Positive News
Despite these positive developments, the situation remains uncertain. President Trump announced that the current exemptions are only temporary and that new special tariffs in the semiconductor sector are planned. This could continue to exert pressure on tech companies like Apple in the long term. Overall, however, a positive momentum for Apple’s stock is evident as a result of recent developments in trade policy. It remains important to keep an eye on the dynamic nature of these decisions.