Donald Trump has threatened to impose a 25% tariff on iPhones unless they are manufactured in the United States, significantly impacting Apple's market valuation. His statement caused a $70 billion drop in Apple shares, which fell 2.6%. This move aims to pressure Apple to shift its production from countries like India back to the U.S. Moreover, Trump indicated these tariffs would apply to other smartphone manufacturers like Samsung. Despite the current fabrications taking place predominantly in China, Apple plans to relocate assembly for U.S. sales to India, with most iPhones in the June quarter set to originate from there.
Trump's statement on tariffs has significant implications for Apple, pushing for domestic manufacturing and shedding light on the political landscape affecting global suppliers.
The president's ultimatum not only affects Apple directly, leading to a $70bn drop in its share value, but also sends shockwaves through the entire tech industry.
Collection
[
|
...
]