Trump, iPhone and Apple
Digest more
For Tim Cook, the hits keep coming. On Friday, President Trump targeted Apple with new demands that the company make iPhones in the U.S., threatening 25% tariffs if the company doesn’t comply. “Rise and shine Tim Cook,
Apple Inc. has become a frequent target for attacks by President Donald Trump, a factor that has held the stock back as other big tech companies have rebounded over the past month.
US President Donald Trump boasted “jobs and factories will come roaring back” when he unleashed unprecedented tariffs around the world during his “Liberation Day” address last month.
Apple’s CEO called Texas Gov. Greg Abbott after law passed requiring app stores to verify user ages.
Even with a 25% tariff, the numbers still favor India. A $1,000 iPhone made in India would incur a $250 tariff. Add that to the $30 assembly cost, and the total is $280—still far cheaper than U.S. assembly alone.
Apple Inc. has become a frequent target for attacks by President Donald Trump, a factor that has held the stock back as other big tech companies have rebounded over the past month.
President Donald Trump brought back up the idea of American-made iPhones on Friday when he threatened a 25% tariff on Apple.
CEO Tim Cook met with President Trump at the White House on Tuesday, Politico reported. The 64-year-old Cook was seen going through security, the news outlet added, citing a person familiar with the matter.