Apple stock slightly down as Trump threatens 25% tariffs over iPhones made outside the U.S.

Apple shares are down at market open today after President Trump threatened new tariffs unless the company starts building iPhones in the United States. Not India, or anyplace else In a post on TruthSocial, Trump said he had “long ago informed” Tim Cook that iPhones sold in the U.S. should be made domestically, “not India, or anyplace else”. He added that, if that doesn’t happen, Apple will face a 25% tariff. The company has recently shifted production to India, Vietnam, and Brazil, as part of a broader effort to reduce its reliance on China. Apple hasn’t responded to the statement, but the market already has: AAPL opened down 2.5% this morning. The stock is now hovering around $196, adding to what had already been a bad week. If Trump’s threat materializes, the impact won’t stop at Wall Street. A 25% tariff on imported iPhones would almost certainly lead to higher prices for consumers in the U.S., with Apple either passing on the cost or absorbing a significant margin hit. Either ... Read full article.