China has cranked up tariffs on US goods to a staggering 84%, while simultaneously issuing travel advisories for its citizens heading to the land of the free. President Trump has also authorized a 90-day pause as part of his tariff plan.

Apple’s market cap has plummeted by $700 billion as its stock takes a beating in the aftermath of Trump’s “liberation day” tariffs. The company is uniquely exposed to Trump’s tariffs on China, as it produces most of its moneymaker iPhones in the country.