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Trump threatens 25% tariffs on iPhones made outside the US
President Trump lashed out at Apple on Friday, threatening the company with a 25% tariff on iPhones unless it moves production to the U.S.
Trump’s post comes days after Apple’s major manufacturing partner, Foxconn, announced a $1.5 billion investment in its India unit. Apple has been looking to shift hardware production to India as the trade war with China under President Trump takes unpredictable twists and turns. President Trump expressed his displeasure over Apple’s shift to India last week while he was in the Middle East, according to CNN.
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