Trump threatens tariffs on Apple
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It would take several years and cost billions of dollars to build plants in the United States to make iPhones here. If that happens, prices could skyrocket.
President Donald Trump announced Friday that the Apple technology company faces a 25% tariff on iPhones unless the devices are manufactured in the United States.
Trump told reporters later on Friday that the 25% tariff would also apply to Samsung 005930.KS and other smartphone makers.
President Donald Trump threatened to impose a 25% tariff on Apple unless the company moves iPhone production to the United States, potentially increasing consumer prices.