Trump Threatens Tariffs on Apple and EU Imports

President Donald Trump has threatened to impose a 25% tariff on Apple if it continues manufacturing iPhones outside the U.S., insisting that devices sold domestically be built in the United States. Trump has also escalated trade tensions with a threat to impose a 50% tariff on European Union imports starting June 1, stating that negotiations with the EU are stalled. Apple CEO Tim Cook recently confirmed plans to move much of U.S. iPhone production from China to India, a move Trump has rejected as insufficient. The announcement led to a drop of over 3% in Apple’s stock and declines in the Dow and S&P 500. Experts warn that producing iPhones in the U.S. would pose serious logistical challenges and drive up costs for consumers. The tariff threats have also influenced related markets, such as cryptocurrencies, as investors seek alternatives amid heightened uncertainty.