<ul><li>President Donald Trump demands that iPhones sold in the U.S. must be manufactured in the country to avoid a 25% tariff.</li><li>Apple's shares dropped over 2% in premarket trading following Trump's statement.</li><li>Moving iPhone production to the U.S. could increase the phone's price by at least 25%, with estimates putting the cost of a U.S. iPhone at $3,500.</li><li>Trump has criticized Apple and called for increased domestic manufacturing, while also proposing a 50% tariff on products from the European Union.</li></ul>

Trump demands U.S.-made iPhones, threatens 25% tariff

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