Amazon (NASDAQ: AMZN) and Apple (NASDAQ: AAPL) are two of the most iconic companies in the world. *Stock prices used were the afternoon prices of May 22, 2025. The video was published on May 24, 2025.

Related: Apple CEO sends blunt message on tariffs impact. A joint statement released this morning revealed that both nations have agreed to suspend the tariffs they have imposed o

Trump’s tariffs and the trade war continue to impact global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.

What Happened? Shares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 2.8% in the afternoon session after tariffs and trade tensions picked up after President Trump announced plans to impose up to 25% tariffs on iPhones sold in the US unless the company moved manufacturing back home.

US stock futures were at a standstill as Wall Street looked forward to wrapping up a week marked by growing doubts about the economy's health under Trump's trade and tax agendas.

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High rates, low consumer confidence, and global trade risks impact Apple Inc.'s discretionary products and slowing growth. Click to read how vulnerable the AAPL stock is.

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