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Image Credit: Macrumors

Trump Demands US iPhone Production, Threatens 25% Tariff

  • President Trump threatened Apple with a 25% tariff if they do not manufacture iPhones in the United States.
  • Trump's warning came after Apple announced plans to have Indian facilities handle most U.S. iPhone sales.
  • Apple intended to shift all U.S. iPhone sales to India by 2026, with Foxconn investing in Indian production.
  • The tariff threat caused Apple shares to drop by 3% in pre-market trading.

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