"If that is not the case, a tariff of at least 25% must be paid by Apple to the US."Adding uncertainty to his ultimatum, Trump later said the tariff wouldn't apply to just the iPhone but also to any smartphone made outside the US.

President Donald Trump’s moves Friday to reignite his global trade war laid bare the administration’s bubbling frustration with resistance from both corporations and foreign countries unwilling to rap...

U.S. stock index futures turned lower on Friday as shares of Apple dropped after U.S. President Donald Trump said the company would have to pay a 25% tariff if phones sold in the country are not made ...