President Trump continues to practice customs tariffs as a club to try to force American companies to manufacture their products in the United States. On Friday morning, the president warned apple The government will impose a “at least 25 %” tariff on iPhone devices abroad.
“I have long told Apple Tim Cook that I expect their iPhone [sic] Trump wrote in this position, “If not, a tariff of at least 25 % will be paid by the United States that the United States is thanking your attention to this issue!”
Apple shares decreased by more than 3 % in pre -market trading after the Trump post.
Industry analysts say it is actually impossible that Apple (or any other consumers electronics company) can make its products entirely in the United States any time soon, if any.
On May 1, in reporting profits for the first three months of 2025 That topped Wall Street’s expectations, CEO Tim Cook told analysts that the Trump tariff – if the conditions remain not changed – will add an estimated $ 900 million in the company’s costs for June 2025. This represents about 1 % of 88.7 billion dollars in the total revenue analysts currently from Apple to provide reporting this period. Cook added that Apple is unable to accurately predict the directions of the current quarter because “we are not sure of possible future procedures” before the end of the quarter.
“The prediction of the effects of Trump’s tariff in June is” very difficult “,” because I am not sure of what will happen with the customs tariff. “
In the quarter of June, Cook said, Apple expects the majority of the iPhone devices sold in the United States to come from India, with iPad and MACS devices and most of the other company’s imported products to the United States to manufacture in Vietnam. He added that China will be the country of origin for the “vast majority” of Apple products outside the United States.
Cooking, from Trump is accidentally referred to as “Tim Apple”, personally A million dollars donated to the opening box Trump. He was also among the CEOs who congratulated Trump after his victory in the 2024 US presidential elections. “We look forward to engaging with you and your administration to help make sure that the United States continues to lead and nourish it with creativity, innovation and creativity.” books On X on November 6.
