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Trump Threatens 25% Tariff on Foreign-Made Smartphones, Targeting Apple and Samsung

  • President Trump announced on May 23, 2025, a 25% tariff on all foreign-made smartphones sold in the United States, targeting companies including Apple and Samsung.
  • This tariff demand follows Trump's ongoing campaign to bring smartphone manufacturing back to the U.S. And pressure Apple to produce iPhones domestically instead of in India or China.
  • Apple has been expanding production in India and diversifying supply chains away from China, while Foxconn plans to invest $1.5 billion to grow its Indian facilities as part of this shift.
  • Analysts warn that tariffs could force Apple to raise iPhone prices by $100 to $350, potentially benefiting rivals like Samsung, whom Jim Cramer called the “winner” of this tariff plan.
  • The 25% tariffs are set to be implemented by June 2025 and may disrupt Apple’s supply chain, shake investor confidence, and impact the stability of global markets, affecting all smartphone manufacturers equally.
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Portfolio.hu broke the news in on Friday, May 23, 2025.
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