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Apple’s valuation surges $180 billion as President Trump reveals he spoke to CEO Tim Cook after China tariffs deal

  • Apple's stock surged by 6% on Monday, adding approximately $180 billion to its market cap after the US and China agreed to reduce tariffs significantly for 90 days.
  • President Trump mentioned having spoken to Apple's CEO Tim Cook after the tariff deal and discussed boosting investments in America.
  • Under the new agreement, US and China will cut reciprocal tariffs from 125% to just 10%, aimed at a reset in relations between the two nations.
  • Apple's market valuation increase contributed to the overall surge in the market, with the S&P 500 gaining 3.26%, driven by strong performances from tech companies like Apple and Amazon.

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