<ul><li>Apple stock fell more than 3% in premarket trading after President Trump threatened tariffs on iPhones not made in the US.</li><li>Trump also proposed higher tariffs on the European Union, leading to a 1.5% drop in S&P futures and downward movement in European markets.</li><li>Shifting iPhone production to the US could take 5 to 10 years and cost around $3,500, according to Wedbush analyst Dan Ives.</li><li>Apple's attempts to diversify production away from China due to tariffs might not be sufficient, as countries like India, Malaysia, Vietnam, and Ireland face tariffs above Trump's baseline rate.</li></ul>

Apple and stocks fall premarket after Trump threatens tariffs on iPhones and the European Union

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