US Stock Market Move | Apple Inc. (AAPL.US) fell more than 2%, dropping 28% from its all-time high.

On Monday, Apple Inc. (AAPL.US) rose to a high before turning lower, dropping more than 2% to $184.50, a decline of 28% from its all-time high in December last year. On the news front, the introduction of "equal tariffs" in the US could lead to price increases for Apple Inc.'s main products sold in the US. The latest tariff impact will be the biggest test Apple Inc. has faced so far. Even though Apple Inc. is accelerating its diversification strategy, adjusting its supply chain, and pushing for lower prices from suppliers, once the tariffs are implemented as planned, Apple Inc. will still face cost and profit margin pressures.