Trump’s iPhone tariff reprieve is great news for Apple investors

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Samsung wants to follow Apple in building a giant services business
Apple stock had a great day this week.
Photo: Mathieu Turle/Unsplash CC

Apple and its suppliers soared on the news that the iPhone would not be hit by tariffs in President Trump’s ongoing trade skirmish with China.

AAPL reached as high as $209.90 Tuesday. It started the day hovering around $200. That’s an increase of around 4.2%. Meanwhile, suppliers in Japan enjoyed a good trading day Wednesday. Some stocks jumped as up 6%.