Trump tweets out an order to U.S. companies that could devastate Apple


Shares of Apple plunged nearly $10 or 4.62% today after U.S. President Donald Trump disseminated a tweet “ordering” U.S. companies to stop doing business in China. While the president is not a dictator and cannot just tweet such an order, the fear is that he will do something within the powers of the president and force U.S. companies to pull out of the country. Apple designs its products in the U.S. but assembles them mostly in China.
CNBC is now reporting that the president has raised tariffs on $250 billion worth of Chinese imports to 30% from 25% starting …

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