Tariffs live updates: Trump threatens new tariffs on Apple, EU in latest escalation of trade war
"I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else," Trump wrote on Truth Social. "If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S."
Apple stock lost ground Friday in conjunction with a broader market decline.