Trump’s Rob Reiner Remarks Spark Bipartisan Outrage After Tragic Deaths 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
U.S. and Mexico Reach New Agreement to Tackle Tijuana River Sewage Crisis 
Apple App Store Injunction Largely Upheld as Appeals Court Rules on Epic Games Case 
Nvidia Develops New Location-Verification Technology for AI Chips 
Sydney Bondi Beach Shooting Sparks Calls for Stronger Protection of Jewish Community in Australia 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Belarus Frees Opposition Leaders Maria Kalesnikava and Viktar Babaryka in U.S.-Brokered Deal 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
Blackstone Leads $400 Million Funding Round in Cyera at $9 Billion Valuation 
Apple (NASDAQ:AAPL) supplier stocks in China fell on Monday after U.S. President Donald Trump threatened a new wave of tariffs targeting imported iPhones. Shares of Luxshare, a key iPhone assembler and AirPods maker, dropped 2.2%, while mobile screen supplier Lens Technology slid 1.8%. Goertek, another AirPods producer, declined 1.1%.
Trump warned Friday that he may impose a 25% tariff on iPhones sold in the U.S. but manufactured overseas, as part of his administration’s push to bring jobs back to America. The comment sparked fears of a renewed escalation in U.S.-China trade tensions, just as markets had begun to stabilize following earlier tariff pauses.
In April, the White House had eased its sweeping tariff measures after a sharp sell-off in U.S. assets, including government bonds and the dollar. Although the administration scaled back its aggressive 145% tariff on Chinese goods to 30%, a baseline 10% tax remains in place on most imports.
To counter future tariff risks, Apple is accelerating its shift in production away from China. The company plans to manufacture the majority of iPhones sold in the U.S. in India by the end of 2026. However, relocating production to the U.S. appears unlikely in the short term due to current technological constraints.
Commerce Secretary Howard Lutnick previously suggested iPhone manufacturing could be reshored and automated to create jobs for U.S. skilled workers. Yet he later clarified that Apple CEO Tim Cook noted the required automation technology does not yet exist.
Apple’s global supply chain remains under pressure as geopolitical risks mount, with potential tariffs posing significant challenges to operations and supplier stock performance.
