(Mary Dowling) President Donald Trump has warned Apple that it will be hit with a 25% tariff if it does not start producing iPhones in the U.S.
In a post on his Truth Social platform Friday morning, Trump wrote he had “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.” Trump said.
Trump’s post briefly sent shares of Apple lower by more than 4% in pre-market trading, and tipped stock futures into negative territory. The tech-heavy Nasdaq is now set to open lower by nearly a half percent, and the S&P 500 is set to slide about four tenths of a percent at the opening bell. Apple, with a market value of nearly $3.4 trillion, is the most valuable publicly traded company in the world.
The conservative voice and Christian content are being silenced more and more. CRN offers a lifeline to conservative people of faith who are disgusted with social media and the leftmedia for failing to report, even blocking, important news stories that don’t comport with the far left’s narrative. We urge you to sign up to receive our FREE need to read articles. NO ADS! NO VIDEOS! NO POPUPS! JUST STRAIGHT NEWS.