Could 23, 2025 (MLN): President Donald Trump stated in a social media submit Friday morning that Apple should pay a tariff of 25% or extra for iPhones made exterior the USA.

"I’ve way back knowledgeable Tim Cook dinner of Apple that I anticipate their iPhone's that might be offered in the USA of America might be manufactured and in-built the USA, not India, or anyplace else.

If that’s not the case, a Tariff of a minimum of 25% should be paid by Apple to the U.S.," Trump stated on Reality Social.

Shares of Apple fell greater than 2% in premarket buying and selling.

Manufacturing of Apple's flagship telephone occurs primarily in China, however the firm has been shifting manufacturing to India partly as a result of that nation has a friendlier commerce relationship with the U.S.

Some Wall Road analysts have estimated that transferring iPhone manufacturing to the U.S. would elevate the value of the Apple smartphone by a minimum of 25%.

Wedbush's Dan Ives put the estimated value of a U.S. iPhone at $3,500. The iPhone 16 Professional presently retails for about $1,000.

That is the newest jab at Apple from Trump, who over the previous couple weeks has ramped up strain on the corporate and Cook dinner to extend home manufacturing. Trump and Cook dinner met on the White Home on Tuesday, in line with Politico.

Cook dinner gave $1 million to Trump's inauguration fund and attended the inauguration in January. Apple has introduced a $500 billion spend on U.S. improvement, together with AI server manufacturing in Houston.

Apple declined to remark for this story.

Trump has made public criticisms of different main U.S. firms, together with Walmart, throughout his commerce struggle push, however the levies on a selected client product is a brand new step. The precise authorized mechanism for the tariff is unclear.

As Apple is caught within the U.S. president's crosshairs, the corporate can also be seeing weak demand in China. On Friday, the corporate hiked trade-in incentives for iPhones in China.

Trump adopted up his submit about Apple with one other calling for a 50% tariff on merchandise from the European Union.

Taken collectively, the posts level to commerce tensions growing once more after the U.S. had briefly lowered lots of its levies, together with in an settlement with China.

Apple additionally needed to navigate tariff threats throughout Trump's first time period, when a 15% tariff on Chinese language imports was being thought-about in 2019.

At the moment, Cook dinner had a powerful relationship with Trump and the ultimate commerce deal excluded core Apple merchandise from the duties.

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Posted on: 2025-05-23T17:45:44+05:00

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