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Trump threatens 25% tariff on iPhones if they are not made in US

  • Donald Trump threatens to impose a 25% tariff on iPhones if not made in the US, pressuring Apple to produce its products domestically.
  • Apple shares dropped 2.5% in premarket trading after Trump's comments, causing a dip in US stock index futures.
  • Last month, Trump alarmed Apple investors with tariff threats on goods from China, where majority of iPhones are assembled.
  • Apple reportedly planning to shift assembly of all iPhones for the US market to India to avoid impact of a China trade war, but Trump insists on domestic production.

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