US EditionTrump Threatens 25% Tariff on Foreign-Made Smartphones, Targeting Apple and Samsung
- On May 23, 2025, President Donald Trump announced a proposed 25% tariff on all foreign-made smartphones entering the U.S., including those from Apple and Samsung.
- Trump demanded Apple move iPhone production to the U.S. And rejected manufacturing in India or elsewhere, threatening tariffs if unmet amid ongoing supply chain shifts.
- Apple has increased iPhone production in India to diversify its supply chain and avoid higher tariffs on China-made devices, while China remains its main production base.
- Following the tariff threat, Apple shares fell nearly 3% on May 23, adding to a 21% year-to-date decline, while analysts warned of potential iPhone price increases between $100 and $350.
- The tariffs, effective June 2025, aim to incentivize domestic manufacturing but face skepticism due to current unfeasibility of U.S. Mass production, possibly benefiting competitors like Samsung.
172 Articles
172 Articles
'It would be a $3,000 iPhone': CNBC challenges Trump aide on Apple tariffs
Conservative CNBC host Joe Kernen pressed White House adviser Kevin Hassett after President Donald Trump threatened to place a 25% tariff on Apple iPhones.During a Tuesday interview, Kernen told Hassett that costs would skyrocket if Apple were forced to manufacture iPhones in the U.S."We're trying to figure out an off-ramp for Apple," the CNBC host said. "It'd be a $3,000 iPhone if they tried to make everything here."Co-host Andrew Ross Sorkin p…
Trump tariffs could raise the price of new iPhones
(QUEEN CITY NEWS) -- iPhones are one of the most popular products in the United States, with an estimated 120 million people owning one. Chief Business Correspondent Taylor Young explains how the cost of a new iPhone could soon skyrocket. RELATED: Trump’s tariffs have launched global trade wars. Here’s a timeline of how we got here
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