The smartphone maker’s supply chain is in the spotlight after President Donald Trump’s tariff announcements late Wednesday. Its stock has since fallen by more than 14% as of Friday’s close. Top of mind is whether the smartphone maker can score a tariff exemption,

Apple lost more than $250 billion in market value Thursday, with shares down as much as 8.5% as a result of President Donald Trump’s tariff spree.  The

Apple still produces many of its products in China, which, again, will now face a 54% tariff on goods shipped to the U.S. Apple has outsourced some manufacturing to Vietnam and India, both of which still face tariffs of 46 and 27 percent, respectively.