Trump Threatens His ‘Friend’ Tim Cook With 25% iPhone Tariff If Apple Doesn’t Move Production to U.S.

President Donald Trump’s desire to create a golden age of American manufacturing is at the center of his trade war—feasibility be damned—and not even his friends can get around it. On Friday, Trump threatened Apple with 25% tariffs on any iPhones that aren’t made in the U.S. “I have long ago informed Tim Cook of Apple that I expect their iPhone’s 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 wrote on Truth Social. “If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.” In addition, Trump slammed the European Union as “formed for the primary purpose of taking advantage of the [U.S.] on TRADE” and threatened them with 50% tariffs beginning June 1 because, apparently, they’ve been “very difficult to deal with.” Following Trump’s posts, Apple shares fell 4%. Since taking office, Trump’s admiration of protectionism and Gilded Age tariffs has influenced his evolving a ... Read full article.