🔁Mario Nawfal:
🇺🇸TRUMP TELLS APPLE: BUILD IPHONES IN AMERICA OR PAY UP
Trump just told Apple: make your iPhones in the U.S. or face a 25% tariff—basically, a massive tax on every phone sold here if it’s made overseas.
That’s bad news for Apple, whose stock dropped 2.5% after the announcement, which also sent shockwaves through the entire U.S. stock market.
Trump posted the warning on his social media site, saying he had “long ago” told Apple CEO Tim Cook that iPhones sold in America should also be made in America—not in India or “anyplace else.”
The thing is, it’s not clear if a president can legally force a single company to pay tariffs, so this may be more political pressure than policy.
Apple hasn’t responded yet.
Why India?
Apple, like most tech companies, has long relied on factories in China.
But with past Trump-era tariffs on Chinese imports and rising labor costs, Apple has been shifting its production to India—a country with cheaper labor, friendly tech policies, and growing smartphone demand.
In fact, Apple says most of the iPhones sold in the U.S. this quarter will be made in India.
But if a 25% tariff hits those phones, Apple may have to raise prices, making already expensive iPhones even more painful for your wallet.
So while you’re texting on a device that probably says “Assembled in China,” Trump wants the next line to read “Made in America”—or he wants Apple to pay the price.
Source: Reuters
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
🇺🇸TRUMP TELLS APPLE: BUILD IPHONES IN AMERICA OR PAY UP
Trump just told Apple: make your iPhones in the U.S. or face a 25% tariff—basically, a massive tax on every phone sold here if it’s made overseas.
That’s bad news for Apple, whose stock dropped 2.5% after the announcement, which also sent shockwaves through the entire U.S. stock market.
Trump posted the warning on his social media site, saying he had “long ago” told Apple CEO Tim Cook that iPhones sold in America should also be made in America—not in India or “anyplace else.”
The thing is, it’s not clear if a president can legally force a single company to pay tariffs, so this may be more political pressure than policy.
Apple hasn’t responded yet.
Why India?
Apple, like most tech companies, has long relied on factories in China.
But with past Trump-era tariffs on Chinese imports and rising labor costs, Apple has been shifting its production to India—a country with cheaper labor, friendly tech policies, and growing smartphone demand.
In fact, Apple says most of the iPhones sold in the U.S. this quarter will be made in India.
But if a 25% tariff hits those phones, Apple may have to raise prices, making already expensive iPhones even more painful for your wallet.
So while you’re texting on a device that probably says “Assembled in China,” Trump wants the next line to read “Made in America”—or he wants Apple to pay the price.
Source: Reuters
https://x.com/MarioNawfal/... https://x.com/MarioNawfal/...
9 hours ago
