Even if the United States were to impose a 25 per cent tariff on iPhones manufactured in India, the total production cost would still be much lower if compared with manufacturing the devices in the U.

The president calls for 50% tariffs on the E.U. and 25% on the smartphone maker if it doesn't build phones in America.

President Trump threatens massive tariff on the EU. Trump made the startling new tariff threat in a post on Truth Social. His ...