After quietly bucking the downward trend in the previous trading session, the FANG stocks were taking a hit early Tuesday, June 19,  after President Trump threatened more tariffs on Chinese imports. 

When the market closed on Tuesday, Alphabet Inc. (GOOGL) - Get Report  fell 0.4%, Facebook Inc. (FB) - Get Report fell 0.4%, Inc. (AMZN) - Get Report  was up 0.6% and Apple Inc. (AAPL) - Get Report declined 1.6%.

The Trump administration told Apple CEO Tim Cook that it wouldn't place tariffs on iPhones, which are assembled in China, The New York Times reported. 

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Apple has sold more iPhones in China than it has in the U.S. for the past three years and relies on mainland Chinese sales for around 20% of its nearly $200 billion in annual revenue.

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Netflix Inc. (NFLX) - Get Report  , however, was up 3.7% to $404.98 on Tuesday after receiving a number of upgrades, including a price target raise to $500 from $400 by GBH Insights analyst Daniel Ives.