Trump Threatens Apple with 25% Tariff if iPhones Aren’t Made in the U.S.

President Donald Trump has issued a stark warning to Apple Inc., threatening to impose a 25% tariff on iPhones that are not manufactured within the United States. The announcement, made via a post on Trump’s social media platform, Truth Social, has sent shockwaves through the tech industry and financial markets.

Trump stated that he had previously informed Apple CEO Tim Cook of his expectation that iPhones sold in the U.S. should be produced domestically, rather than in India or other countries. “If that is not the case, a tariff of at least 25% must be paid by Apple to the U.S.,” Trump declared.

Apple has been working to diversify its supply chain, shifting some production from China to India in response to global trade tensions. However, Trump’s latest remarks indicate that such moves may not be sufficient to avoid tariffs.

The financial markets reacted swiftly to the news, with Apple’s stock dropping nearly 3% following the announcement. The broader market also experienced volatility, with the Dow Jones Industrial Average falling by over 400 points amid concerns about the potential economic impact of the tariffs.

Apple has yet to issue an official response to Trump’s statement. The company has previously announced a $500 billion investment plan in the U.S. over the next four years, aimed at expanding domestic operations!