Apple, Inc. (AAPL) stock fell over 7% in Wednesday's after-hours trading after President Donald Trump announced across-the-board sweeping reciprocal tariffs. If the after-hours losses last through Thursday's session,

Donald Trump's so-called "Liberation Day" has become a potentially expensive event for Apple, as tariffs are applied against imports from every foreign country in the Apple supply chain.

Apple stock has fallen as the tech giant has to deal with the repercussions of Trump administration tariffs on various counties where where Apple sources components for its iPhones, iPads, and Macs. T

Key Takeaways Apple shares fell sharply in extended trading Wednesday after President Trump unveiled sweeping reciprocal tariffs, including a steep 34% import tax on China, the country where the iPhone maker manufactures about 90% of its products.

The iPhone maker spent years trying to move production of some products out of China to avoid tariffs. But now that may not matter.

Apple Inc. slid as much as 5.6% in late trading after President Donald Trump announced tariffs that target its overseas production hubs, potentially making the iPhone maker more vulnerable to the levies than anticipated.