Apple Regains $3 Trillion Market Cap Amid Trump Tariff Exemptions

Apple's stock surged over 2% on Monday, allowing its market capitalization to surpass $3 trillion again, following President Trump's announcement that key products like smartphones and computers would be exempt from newly imposed tariffs. This decision alleviated concerns for the company, which relies heavily on manufacturing in China and was previously facing a potential tariff burden of $44 billion, now reduced to an estimated $7 billion. Analysts noted that these tariff exemptions could save Apple billions and prevent immediate price increases for consumers. However, the exemptions are temporary and could be revoked, leading to ongoing uncertainty about Apple's future amidst fluctuating trade policies. Despite the recent recovery, the stock had been down nearly 9% in April after a significant decline in March, marking a challenging first quarter for the company. With this rebound, Apple has reclaimed its position as the most valuable publicly traded U.S. company, surpassing Microsoft once again.