Trump threatens Apple with a 25% tariff if it does not manufacture iPhones in U.S
The president made the announcement on his Truth Social account, stating that he does not want cell phones manufactured "in India or anywhere else" to be sold in the United States.
Smartphones in a store
President Donald Trump threatened Apple on Friday with a 25% tariff if the iPhones it sells in the United States are not manufactured in the country.
"I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else. If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.," the president wrote on his Social Truth network.
Fall of Apple shares
Following the news, specialized media reported that Apple (AAPL.US) shares lost more than 3% before Wall Street opened.
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