On Monday, Apple shares rose more than 2%, leading the company to get back its $3 trillion market value.
Yesterday, Wall Street experienced some relief as major companies' shares rose, including Apple, which will be able to resist the latest tariffs imposed by US President Donald Trump.
Late Friday, the Trump administration announced that all technological devices, such as smartphones, computers, and chips, were exempted from new tariffs.
Apple is among the most exposed companies to Trump’s tariffs because the majority of its iPhones, iPads, and MacBooks are manufactured in China and other Asian countries.
Therefore, Trump called for Apple to make its products in the US.
Apple is the most valuable publicly traded US company once again, surpassing Microsoft.
Apple dropped the $3 trillion mark on April 4, two days after Trump announced “reciprocal tariffs."
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