Apple stock dips after Trump’s trade advisor Peter Navarro blasts China-based production

Apple Inc. shares were trading at $209.77, down $0.24 or 0.11% from the previous close of $210.01 in the pre-market session on July 9, signaling a slight negative turn ahead of the trading. The dip comes amid Trump‘s trade adviser Peter Navarro slammed the company’s production in China.

Calling it “the longest-running soap opera in Silicon Valley,” Navarro slammed Apple CEO Tim Cook for failing to move factories out of China despite years of promises, especially during Trump’s first term. “My problem with Tim Cook is he never takes the steps to actually do that.” Navarro said in a CNBC interview, adding that with today’s AI-driven and advanced manufacturing tools, it’s “inconceivable” that Apple can’t make iPhones in the US.