Trump threatens Apple with 25% tariff on iPhones

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President Donald Trump has threatened Apple with 25 percent tariff on the iPhone unless the company transfers its best -selling products to the United States, extends his position with CEO Tim Cook.

Cook said this month that Indian factories would supply “the majority” IPhone The United States was sold in the coming months, since Apple tried to avoid tariffs on Chinese -made products imposed by Trump as part of its trade war.

Trump wrote in a true social post on Friday, “I long ago told Apple to Tim Cook that I hope their iPhone will be sold in the United States of America to be sold in the United States and will be built in the United States, and will be built in the United States,” Trump wrote on a true social post on Friday.

“If this is not a tariff of at least 25% must pay by Apple in the United States”

Apple sells more than 60MN iPhones in the United States in a year. Financial Times had previously stated that the company had planned the source of all these devices From India By the end of next year.

Foxcon, a original Apple supplier, investing $ 1.5 billion to extend iPhone production in India with a display module facility near FT Chennai Report Earlier Friday.

Apple After Trump’s post, the shares have dropped by 3 percent in pre-market trading. The company did not immediately respond to any request for the comment.

Stock Lost more than $ 300bn In one day last month, Trump threatened with huge new tariffs in dozens of countries, including Apple’s largest production centers around the world.

Later, the United States exempted from many tariffs for smartphones and other electronics, and early this month, Trump agreed to temporarily reduce the tariffs from China to China.

Trump’s latest threat comes a week later He complained About “a little problem with Tim Cook” with Apple’s plan to expand the iPhone production in India. He claimed at this time that Apple “would increase their production in the United States after negotiating with the Big Tech Company boss.”

“We are really well treating you, we have endured all the plants built in China for years,” Trump said during a Qatar visit during a Middle East visit. “We are not interested in making you in India.”

Cook has been in contact with Trump and his administration since attending the President’s inauguration in January. Apple has promised to spend several hundred billion dollars in the United States in the next four years by buying chips and artificial intelligence servers made in the United States. However, the challenges to replicate the Asian supply chain and production facilities are significant for any product as complicated in the United States.

Before Trump retained his China tariff, Apple said that due to the new responsibility, several million dollars would be facing extra costs that the final effect was hard to predict.

Cook told analysts earlier this month, “What we learned a while ago was a lot of risk with it in one place, and therefore new sources of our supply were opened with certain parts of our supply discipline,” Cook told analysts earlier this month.