Trump Threatens Tariffs on iPhones Not Made in US
President Donald Trump wants his iPhones made in the U.S. And there may be a steep price to pay if they are not. Trump threatened a 25% tariff on Apple in his ongoing tariff war with other countries, per a report on CBS…
President Donald Trump wants his iPhones made in the U.S. And there may be a steep price to pay if they are not.
Trump threatened a 25% tariff on Apple in his ongoing tariff war with other countries, per a report on CBS News.
“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,” Trump wrote on X Friday. “If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S. Thank your for your attention to this matter!”
View post on X
Trump also threatened to hit the European Union with a 50% tariff because they are “very difficult to deal with.”
“Our discussions with them are going nowhere!” the president said in another post on X. “Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025.”
“There is no Tariff if the product is built or manufactured in the United States,” he wrote.
View post on X
The new tariff is expected to put a dent in Apple’s profits.
Apple CEO Tim Cook said on May 1 that tariffs could cost Apple $900 million in the current quarter.
Treasury Secretary Scott Bessent told Fox News that Trump’s was “trying to bring back precision manufacturing to the U.S.”
“And I think that one of our greatest vulnerabilities are these … this external production, especially in semiconductors, and a large part of Apple’s components are in semiconductors. So we would like to have Apple help us make the semiconductor supply chain more secure. What I found interesting in Saudi Arabia last week was that the president called out Tim Cook for not being there,” Bessent said.