Kuo sees Apple 'gold cards' as distraction from Trump tariffs
Investing.com | Editor Luke Juricic
Published Jun 18, 2025 21:26
Investing.com -- TF International Securities analyst Ming-Chi Kuo suggested on Wednesday that Apple (NASDAQ:AAPL) might be trying to divert attention from potential iPhone tariffs by purchasing U.S. President Donald Trump's gold cards.
President Trump stated on Wednesday that Apple would buy a large quantity of his $5 million "gold cards," which provide wealthy immigrants a path to U.S. citizenship.
Kuo connected this announcement to his earlier analysis, noting that "Apple could try to calm Trump's emotions in order to temporarily shift his focus from the iPhone tariffs. It looks like they've figured out how."
The analyst had previously suggested last month that if Trump's threat of a 25% iPhone tariff was related to Apple CEO Tim Cook not joining his Middle East trip, it might actually benefit Apple in the short term. Kuo indicated that Apple could potentially delay tariff discussions by redirecting Trump's attention.
Trump has threatened to impose a 25% tariff on Apple iPhones not manufactured in the United States, pushing the company to move production from China and India to avoid the tax. This potential tariff could substantially raise iPhone prices for American consumers.
The tariff threat, part of Trump's broader trade policies, has already reduced Apple's market value by billions of dollars. The company has been working to diversify its supply chain and has committed $500 billion to manufacturing in the United States.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Get The App
Written By: Investing.com
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.