Despite a US trade court ruling that Trump's "reciprocal" tariffs are illegal, Apple investors have unexpectedly failed to react to the news, likely assuming there is more chaos to come.

Two months after Donald Trump first announced his tariffs plan, the stock market has moved on. Apple, however, remains in the red.

Is now a good time to upgrade your iPhone? Not since the lights nearly went out on TikTok have U.S. consumers been so rattled. That might be an overstatement, but President Donald Trump has shown he has the power to save or cause trouble for companies that don’t adhere to his political agenda — and Apple is no exception.