Apple Faces 25% Tariff Threat From Trump If iPhones Are Not Built In The US
President Trump took to the Truth social media platform and warned Apple that the firm would have to pay a 25% tariff if its American market iPhones are not built in the US. Trump said, “ 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. “ The President added, “If that is not the case, a Tariff of at least 25% must be paid by Apple to the US. “ Also Read: Apple’s Expansion in India Defies Trump: Is $250 AAPL the Next Stop? Apple Shares Slide Amid Tariff Warnings Source: Cryptorank Apple (AAPL) shares fell 3.26% in the pre-market after Trump’s latest tariff warning. President Trump went on a tariff spree soon after assuming office. Most nations have come to terms with his policies. Many have brokered new trade deals to better suit the new administration’s vision. The company set its sights on India for...