Trump's iPhone Tariff Threat: Apple Shares Plunge

Trump's iPhone Tariff Threat Shakes Apple: A 25% Tax Looms Former US President Donald Trump issued a stark warning to Apple in May 2025, threatening a 25% tariff on iPhones not manufactured in the United States. This announcement sent ripples through the market, causing Apple's shares to immediately drop by 3%. Trump's statement wasn't a surprise; he has repeatedly urged Apple to shift its manufacturing base to the US, aiming to boost domestic jobs and reduce reliance on foreign production. The video shows Trump's tweet where he explicitly stated: "I expect their iPhones that will be sold in the United States will be manufactured and built in the United States, not India, or anyplace else." This aggressive stance highlights the ongoing tensions in US-China trade relations, with Apple caught in the crossfire. While the immediate impact was a stock market dip, the long-term consequences remain uncertain for Apple and the global tech industry. Apple's CEO, Tim Cook, has previously expressed the company's commitment to American manufacturing, but the scale of such a shift and the economic implications are significant.