Trump threatens 25% tariff on iPhones as Apple shifts production to India
Briefly

President Trump has issued a warning to Apple, demanding that the company begin manufacturing its iPhones in the United States rather than abroad. In a post on his social media platform, Trump stated that if Apple does not comply, the company will face a 25% tariff on its products sold in the U.S. This ultimatum has caused concerns among investors, leading to a decline in Apple's stock price. Experts suggest that shifting production to the U.S. could take years and significantly increase the cost of iPhones.
If Apple does not manufacture its iPhones in the U.S., President Trump threatens a 25% tariff, raising concerns over production costs and investor reactions.
Read at Fast Company
[
|
]