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Trump threatens 25% tariffs on iPhones made outside the US

  • President Trump threatens Apple with a 25% tariff on iPhones if production is not moved to the U.S.
  • Apple's manufacturing partner Foxconn recently invested $1.5 billion in its India unit.
  • Apple has been shifting hardware production to India amid the trade war uncertainties with China.
  • Trump has been increasing attacks on companies avoiding U.S. tariffs, urging Walmart to absorb tariffs instead of passing them to customers.

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