Trump demands Apple make iPhones in the United States, threatens new 25% tariff

President Trump has just blasted Apple in a post on his account on TruthSocial. The president said that he has “long ago informed” Apple CEO Tim Cook that iPhones sold in the United States should be manufactured and built in the United States, “not India, or anyplace else”.

He continues by threatening that if this does not happen, “a tariff of least 25% must be paid by Apple”. The details of the ‘tariff’ are unclear, but the outburst has shook investors and Apple stock has already dropped 3% in response to the announcement.