Goldman Sachs has reiterated its Buy rating for Apple (AAPL, Financial) with a price target of $253. This follows remarks made by the U.S. President, who has warned Apple of potential tariffs of at least 25% if iPhones are not manufactured in the United States.
Currently, reciprocal tariffs imposed by the U.S. on key final assembly nations for Apple products already exceed 25%. Specifically, tariffs on China stand at 34%, India at 26%, and Vietnam at 46%, with all these tariffs presently under temporary suspensions. The President's warning aligns with existing trade policies, suggesting smartphones might not be easily exempted from tariffs. This perspective was shared with investors in a recent research assessment.
