Apple Shares Soar 15% as Trump Announces Tariff Pause and Potential Exemptions for Some Companies.

Apple shares soar 15% after President Trump announces a 90-day pause in reciprocal tariffs for most countries, with China seeing a 125% rate. The company is hopeful for tariff exemptions, especially since it has committed to investing $500 billion in the U.S. over four years. Analysts estimate that fully assembling iPhones in the U.S. would increase costs by 90% and suggest strategies for Apple to mitigate its downside risk.