Here's Apple's worst-case scenario in Trump's trade war, according to RBC (AAPL)

pulse

November 28, 2018 4:50 PM

In the worst-case scenario, new tariffs on consumer goods like the iPhone wouldn't alter Apple's fundamentals, RBC says.

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the new tariffs won't alter the fundamentals of the tech titan — even in the worst-case scenario.

So far, Trump has imposed tariffs on $250 billion of Chinese imports, but has exempted iPhones and laptops.

But conflicting signals came from White House economic adviser Larry Kudlow. Speaking on Wednesday, Kudlow said a trade deal was still a "good possibility" and that the White House was having "a lot of communication with the Chinese government at all levels" ahead of Sunday's highly anticipated meeting between Trump and Chinese President Xi Jinping.

scenario, Trump will apply

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