Internet reports that after U.S. President Trump announced the "reciprocal tariff" plan, Apple's share price fell sharply for two consecutive trading days, and its market value shrank significantly. According to calculations by investment bank Morgan Stanley, imposing additional tariffs on China will increase Apple's costs by approximately US$8.5 billion per year. Reuters quoted analysts as saying that if Apple passed on all tariff costs to consumers, the retail price of the iPhone 16 Pro Max in the United States would rise from the current $1599 to $2300 (approximately 16750 yuan). During Trump's first term, Apple began to promote diversification of its supply chain, but the Trump administration's plan to impose high "reciprocal tariffs" on Southeast Asian countries will undoubtedly hit Apple's supply chain hard.