Trump advisor Hassett says 'we don't want to harm' Apple with iPhone tariffs

White House economic adviser Kevin Hassett gives a TV interview outside of the White House in Washington, U.S., May 9, 2025. National Economic Council Director Kevin Hassett said Tuesday that the Trump administration does not want to "harm Apple " with tariffs. "Everybody is trying to make it seem like it's a catastrophe if there's a tiny little tariff on them right now, to try to negotiate down the tariffs," Hassett told CNBC's "Squawk Box" on Tuesday. "In the end, we'll see what happens, we'll see what the update is, but we don't want to harm Apple." Hassett's comments come after President Donald Trump said in a social media post that Apple will have to pay a tariff of 25% or more for iPhones made outside the U.S. Apple has historically manufactured its products in foreign countries including China, India and Vietnam. By some estimates, a U.S.-made iPhone could cost as much as $3,500. ... Read full article.