Trump Warns Apple of 25% Tariffs If iPhones Not Made in US

Reuters05-23

U.S. President Donald Trump said on Friday that Apple would have to pay a 25% tariff if phones sold in the country were not made within its borders.

Shares of the iPhone maker fell nearly 4% on the news in premarket trading.

"I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else," Trump said in a post on Truth Social.

"If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S."

It is not clear if Trump can levy a tariff on an individual company. Apple did not immediately respond to a Reuters request for comment.

Apple is positioning India as an alternative manufacturing base amid Trump's tariffs on China that have raised supply-chain concerns and fears of higher iPhone prices, Reuters reported last month.

The iPhone maker said most of its smartphones sold in the United States would originate from India in the June quarter.

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Comments

eskynet
05-24
eskynet
I think this man , is trying to create another rounds of mess to " collect" $ again .
Rogskywalker
05-23
Rogskywalker
The whole world's economy is now messed up by this failed businessman who seems to be unable to make up his mind and trying to manipulate the stock market with every nonsensical proposal that comes out from his mouth.
Flying notes
05-23
Flying notes
If iPhone make in us, iPhone will likely cost 50% higher :)
ICEsh00ter
05-23
ICEsh00ter
buy the dip
Nikaashi
05-23
Nikaashi
Things cannot be communicated in one go?
- Mrdecruz:
  Well I just bought more :) hahahah it’s now on a big discount
- Mrdecruz:
  That’s how he manipulate the market. I just bought more. I bet he is loading his portfolio with Apple shares now