Donald Trump warned Apple of a substantial 25% tariff on iPhones sold in the US if they are manufactured outside the country. He criticized Apple CEO Tim Cook's plans to produce iPhones in India, expressing disapproval of the pivot. Analysts predict that manufacturing in the US could significantly raise prices for consumers, with estimates suggesting iPhones could cost between 25% and over 100% more than current prices. While the feasibility of Trump's tariff threat remains ambiguous, it signals potential economic implications for Apple and broader manufacturing strategies in the US.
Donald Trump threatened Apple with a 25% tariff on iPhones not made in the US, emphasizing his disapproval of production shifts to India.
Trump's tariff threat marks a notable moment as it’s the first direct threat against a US-based company, highlighting potential trade complexities.
Analysts suggest that producing iPhones domestically could lead to prices soaring between 25% to over 100%, drastically affecting consumer purchase decisions.
Trump's stance encapsulates a broader critique of US companies producing abroad, suggesting a need for domestic manufacturing policies.
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