President Trump: iPhone sold in America will be made in America or Apple will pay a 25% tariff

President Donald Trump holds a signed executive order on tariffs, in the Rose Garden at the White House in Washington, D.C., April 2, 2025.
President Trump has announced that he expects Apple to manufacture iPhones sold in the United States domestically, warning CEO Tim Cook that failure to comply could result in a tariff of at least 25% on Apple products.
President Donald Trump via Truth Social:
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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 U.S. Thank your [sic] for your attention to this matter!

Additionally, President Trump recommended 50% tariffs on European Union imports from June 1st.
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MacDailyNews Take: These are negotiation parries. Clearly, Trump wants more from Apple (and, more importantly, in the ongoing China and India trade negotiations) and from the EU than they are giving today.
Both tariff announcements are likely stated today so that the markets can have the three-day U.S. trading break to digest.
Expect turbulence in the markets until deals are reached and uncertainty is lessened. No pain, no gain.
As for AAPL near term, there’s another round of nice deep discount deals to be had!
Be fearful when others are greedy and greedy when others are fearful. – Warren Buffett

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