Apple, Trump and iPhone
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Apple is staring down a major supply chain and pricing dilemma after President Donald Trump on Friday threatened to impose a 25% tariff on all iPhones sold in the United States unless the tech giant begins manufacturing the devices domestically.
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.
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Benzinga on MSNTrump Threatens Tim Cook To Manufacture IPhones In US Or Face 'At Least 25%' Tariffs- AAPL Stock Slides Over 3% In PremarketTrump took to his Truth Social to reiterate his expectations to Apple’s CEO, Tim Cook, that iPhones sold in the U.S. should be “manufactured and built” domestically and not in India. He warned of a substantial tariff of “at least 25%” if this is not the case.
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Irish Star on MSNDonald Trump lashes out at Tim Cook with brutal three-word threat to AppleTrump's threat came after he asked Cook to stop making the popular phones in India and pivot to U.S. production instead.
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.