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Trump Threatens 25% Tariff On Iphones Not Made In The U.S.
With the prospect of iPhones no longer being manufactured in the US, Donald Trump has resorted to Truth Social to threaten tech giant Apple.
It has been tariff after tariff ever since the 47th President took office again in January for a second term.
Walmart has warned of increased pricing in-store, and the ongoing trade has caused many businesses to doubt the policies being made in the Oval Office.
Apple’s response
Apple acknowledged earlier this month that the prolonged trade war brought on President Trump’s tariffs would have a significant impact on them.
The iPhone manufacturer stated that the tariffs imposed on nations will raise expenses by $900,000,000 for the second quarter of the year, which ends in June.
According to CEO Tim Cook, the bulk of iPads, Macs, and Apple Watches will be manufactured in Vietnam, while the majority of iPhones sold in the US would originate from India.
The business clarified that this choice was made because Apple had invested more funds to make sure their products were being manufactured in countries other than China.
Trump’s threat
Trump has now threatened to impose a 25% tariff on Apple goods unless they are made in the United States.
Taking to Truth Social, the president wrote: “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.”
“If that is not the case, a Tariff of at least 25% must be paid by Apple to the US.”
Trump brought up Apple’s intention to move iPhone production to India during a trip to the Middle East last week, suggesting that the president has been irritated by the move for some time.
Some analysts caution that the internet giant’s efforts might not be sufficient to stop higher expenses from being passed on to customers.
Jacob Bourne, an analyst at Emarketer, said, “The company’s proposed manufacturing shift to India raises pressing questions about execution timeline, capacity limitations, and potentially unavoidable cost increases that will shrink margins, be passed to consumers, or have a mix of consequences.”
Wedbush Securities analyst Dan Ives has cautioned that the next iPhone may cost up to $3,500 per, which is a lot higher than the price of Apple’s most costly smartphone right now, the iPhone 16 Pro Max, which retails for $1,199.
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