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.
Insights by Ground AI
Does this summary seem wrong?
119 Articles
119 Articles
All
Left
18
Center
18
Right
17
Trump warns Apple and Samsung that 25% smartphone tariffs could land in June
In a Friday morning Truth social post, President Donald Trump threatened to levy a 25 percent tariff on iPhones if Tim Cook didn't move manufacturing to the United States. It turns out the situation is a little more complicated than that.While speaking to the media later that day, Trump clarified that the tariff would apply to any company selling foreign-made phones in the U.S., not just Apple. The president said the new 25% smartphone tariff co…
·United States
Read Full ArticleCoverage Details
Total News Sources119
Leaning Left18Leaning Right17Center18Last UpdatedBias Distribution34% Left, 34% Center
Bias Distribution
- 34% of the sources lean Left, 34% of the sources are Center
34% Center
L 34%
C 34%
R 32%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage