-xl.jpg?w=1920&resize=1920,1075&ssl=1 "Trump demands 25% tariff on any iPhone not made in the US TechTricks365")
President Trump believes iPhone production could move to the United States.
President Trump continues to emphasize that Apple must make the iPhone in the United States, or a steep import tariff will continue to be applied to the company.
Tim Cook previously managed to secure significant tariff exemptions from Trump, even if they were officially only temporary. Now, following Trump’s telling Cook to build iPhones in the US instead of India, Apple is being threatened with what appears to be a brand new tariff.
Now Trump has announced on his Truth Social platform that there will be a penalty if Apple does not move manufacturing to the States.
It’s curious that Trump claims to have informed Cook long ago, but perhaps more significant is who he says will pay the tariff. The White House has continued to maintain that it is foreign countries who pay the tariffs, but Trump has here acknowledged that it would be the US business.
Apple has not commented on either this new announcement. They have also not commented on Trump’s previous remarks about its expansion in India.
It’s not clear if the stated 25% tariff is on top of current tariffs against the various countries that Apple can import iPhones from, or a replacement — but the former is more likely given previous statements and tariff actions made in this administration. There is also currently an investigation into the national security implications of semiconductor manufacture, which is expected to conclude with a further tariff.
As with previous Trump announcements, the stock market is continuing to be volatile. In pre-market trading, at time of writing and after the post on social media, AAPL shares were down 3.44%.
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