Apple's Stock Hits Lowest Since September 2024

On Tuesday, Apple Inc. experienced a significant drop in its stock value, decreasing by almost 4%. This downturn marks the company's lowest stock price since September 2024, a situation exacerbated by the intensifying global trade conflicts.

US-Canada Trade Dispute Intensifies

The decline follows the recent escalation in trade tensions between the United States and Canada. US President Donald Trump announced additional tariffs on Canadian steel and aluminum, prompting a strong response from Ontario Premier Doug Ford. Ford threatened to cut off electricity supplies to the US, leading Trump to vow that Canada would face significant financial repercussions for such actions.

By 12:28 pm ET, Apple's stock had fallen by 3.91%, trading at $218.59 per share.