Apple’s valuation hits all-time high after U.S. agrees to framework of deal with China

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With news that the U.S. and China are closing in on a new trade agreement, shares of Apple hit an all-time high today at $237.64. The shares rallied 2.8% to give Apple a valuation of $1.07 trillion dollars. If the U.S. and China sign a new deal, this will be positive for the company in a number of ways. It could lead to the lowering or removal of tariffs that affect Apple products assembled in China and shipped to the U.S. Remember, no matter what you hear from others, tariffs are merely an income tax paid by American companies and consumers; China is not paying the U.S. one-cent because of …

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