President Donald Trump took aim at Apple on Friday, warning the tech giant that it could face a hefty 25% tariff on iPhones that are not assembled within the United States. The ultimatum increases the pressure on Apple CEO Tim Cook to shift operations away from Asia and into the U.S.
“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,” Trump wrote in a Truth Social post.
“If that is not the case, a Tariff of at least 25% must be paid by Apple to the US. Thank you for your attention to this matter!”
Following Trump’s remarks, Apple’s stock took a hit, tumbling 4% during early premarket activity.
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