Trump demands Apple make iPhones in the United States, threatens new 25% tariff if they don’t

President Trump has just blasted Apple in a post on his account on TruthSocial. The president said that he has “long ago informed” Apple CEO Tim Cook that iPhones sold in the United States should be manufactured and built in the United States, “not India, or anyplace else”. He continues by threatening that if this does not happen, “a tariff of least 25% must be paid by Apple”. The details of the ‘tariff’ are unclear, but the outburst has nonetheless shook investors and Apple company stock has already dropped 3% in response to the announcement. The seemingly-impromptu decree represents a continuation of the sentiment shared by Trump earlier this month, when he said he has a ‘little problem’ with Tim Cook when he heard the news that Apple was diverting iPhone production to India. This originates comments from Apple on its earnings call about how it intends to mitigate the impact of the reciprocal tariffs imposed on goods imported from China (although since, there is a temporary stay o ... Read full article.