Trump, iPhone
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For Tim Cook, the hits keep coming. On Friday, President Trump targeted Apple with new demands that the company make iPhones in the U.S., threatening 25% tariffs if the company doesn’t comply. “Rise and shine Tim Cook,
Apple Inc. has become a frequent target for attacks by President Donald Trump, a factor that has held the stock back as other big tech companies have rebounded over the past month.
4hon MSN
President Trump's proposed 25% import tariff on iPhones made in India is unlikely to sway Apple's manufacturing decisions. The cost of producing iPhones in India remains significantly lower than in the US,
Apple’s CEO called Texas Gov. Greg Abbott after law passed requiring app stores to verify user ages.
Even with a 25% tariff, the numbers still favor India. A $1,000 iPhone made in India would incur a $250 tariff. Add that to the $30 assembly cost, and the total is $280—still far cheaper than U.S. assembly alone.
Apple Inc. has become a frequent target for attacks by President Donald Trump, a factor that has held the stock back as other big tech companies have rebounded over the past month.
US President Donald Trump boasted “jobs and factories will come roaring back” when he unleashed unprecedented tariffs around the world during his “Liberation Day” address last month.
President Donald Trump brought back up the idea of American-made iPhones on Friday when he threatened a 25% tariff on Apple.