Trump Threatens 25% Tariffs on Apple iPhones Made Outside US
Trump Threatens 25% Tariffs on Apple iPhones Made Outside US

Trump Threatens 25% Tariffs on Apple iPhones Made Outside US

News summary

President Donald Trump has issued a directive to Apple CEO Tim Cook, demanding that iPhones sold in the United States be manufactured domestically rather than in countries like India. Trump warned that if Apple fails to comply, a tariff of at least 25% will be imposed on iPhones made outside the U.S. This move is part of Trump's broader effort to strengthen American manufacturing and reduce reliance on overseas production. The announcement caused Apple's shares to fall over 2% in premarket trading. Meanwhile, India's role as a production hub for Apple has been highlighted as a point of contention, with Trump viewing Apple's operations in India as leverage in trade negotiations. India, however, remains hopeful about ongoing trade discussions despite the tariff threat.

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