Unlock Editor Digest for FREE

Roela Khalaf, Ft Editor, selects his favorite stories in this weekly newsletter.

Apple has lost over $ 300bn in the market value on Thursday, made it one of Donald Trump Bitiff’s tariff trumps.

The parts of the iPhone makes more than 9 per cent as the trading closed in New York on Thursday. That is to cut the market capital at $ 3.06TN from $ 3.37TN to the biggest one-day valuation of Wipout on record.

Trump hit everything appleThe largest supplier and manufacture of hubs in Asia, including China, Taiwan, India and Vietnam, with many new tariffs in the goods imported in the US.

The aggressive step affects each iPhone, iPad, Mac and accessory model sold in the giant tech higant.

The President of the US “Eliminate” The Economy Presents cook with an indefinite option between raising prices for high-end electronics or swallowing additional expenses, which can be wasted annual dollar investors.

Apple in February PROMISE To rent 20,000 staff and invest $ 500bn in the US over the next four years, including a new servers to make an artificial texas.

However, cook, which risks Apple’s employees by attending Trump’s inauguration and visiting the White House president, have not yet taken any exception from New tariffs.

The white house Confirmed with no carve-outs for apple in the president’s command.

On Wednesday night, the company refused to comment if any prospects to get an exception from the levies, as did Trump’s first term.

Apple does not immediately respond to additional requests for comment on Thursday.

Citi analysts estimate that iPhone Creator has over 90 percent of its manufacture in China, which is set to face equal tariffs at least 54 percent of US imports.

Vietnam and India, growing number of apple products including iPhones, AirPods and watches, face “percent, each.

However, semiconductors are not free of new tariffs, which can strengthen Apple, which is a customer giant Taiwan Taiwan Semiconductor Taiwande Company, from 32 percent “

The new TSMC plant in Arizona is believed for a large part of hundreds of billions of dollars Apple and Nvidia promised to spend the coming years.

However, plant expansion can be more expensive, given 20 percent new tariff of imported ASML chip equipment.

TD Cowen analysts calculate that US Sales Account at approximately a third Apple earnings, which three-quarters from hardware products. The iPhone only contains almost two-thirds of US hardware revenues, they say.

“Based on different hardware products sold by Apple ..

Citi’s analysts estimate 9 percent hit the whole gross margin of Apple if it does not avoid Chinese tariffs as it is currently expected.

Jefferies analysts say that 37MP iPhones will be imported by US from China this year, reduced net net of Apple by 14 per cent unless it raises the prices.

The tariffs send shockwaves by Apple’s supply, Jefferies said on a note on Thursday, “Supply suppliers can be facilitated, and thereby need to pay for its suppliers.”

The analyst of the equity cfra basis of Angelo Zino wrote that Apple was facing “no constructive challenges, which increased that the company had a detrimental effect on the economy.

The effect of seismic tariff comes while Apple is facing the challenges of its core business, with competition makers from the most important Chinese market in the cross we are.

The global iphone sale has fallen a little in the december quarter, with an overall Apple income again in 11 percent year of year.

The Rollout of New “Apple Intelligence” AI features, betting on the next wave of iPhone sales and upgrading of Chinese regulators and delayed in the US.