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Trump threatens 25% tariff on Apple unless iPhones are made in the US

Trump threatens 25% tariff on Apple unless iPhones are made in the US
How much could President Trump's tariffs cost the average household? According to new research from Yale's Budget lab, an extra $4700 this year. Our consumer team used US trade data to see which products we import the most that could be impacted. *** big one is tech. China, Mexico, Taiwan, and Vietnam are among the top countries we imported computer and electronic. Products from in 2024. Historically, Apple and HP, for example, have manufactured products in China, and just last week, Nintendo, whose main headquarters is in Japan, postponed pre-orders of its $450 switch to gaming console to assess the impact of new tariffs. Clothing is another category to watch with China, Vietnam, Bangladesh, and India among the top countries we imported apparel and accessories from supplier reports show China and Vietnam are major manufacturing hubs for brands like Nike and Levi's. Gap and its related brands are largely manufactured in India and Vietnam. The American Apparel and Footwear Association says imports make up 97% of the clothes sold in the US. Another item many of us buy prescription drugs. President Trump said this week that he plans to hit pharmaceutical imports with tariffs. Much of the active pharmaceutical ingredients to make our drugs come from overseas, with China, India, and the EU being major players in production. In Washington, I'm Amy Lou.
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Trump threatens 25% tariff on Apple unless iPhones are made in the US
President Donald Trump on Friday threatened to put a 25% tariff on Apple products unless iPhones are manufactured in the United States.The threat delivered over social media could dramatically increase the price of iPhones, potentially hurting sales and the profits of one of America's leading technology companies. The company now joins Amazon, Walmart and other major companies as being in the White House's crosshairs as they try to respond to the uncertainty and inflationary pressures unleashed by the import taxes being imposed by Trump.鈥淚 have long ago informed Tim Cook of Apple that I expect their iPhone's that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,鈥� Trump posted on Truth Social. 鈥淚f that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.鈥滱pple, led by CEO Tim Cook, in response to Trump's tariffs on China was looking to shift iPhone manufacturing to India as it adjusts supply chains. That plan has become a festering source of frustration for the U.S. president, who also brought it up last week during his Middle East trip.

President Donald Trump on Friday threatened to put a 25% tariff on Apple products unless iPhones are manufactured in the United States.

The threat delivered over social media could dramatically increase the price of iPhones, potentially hurting sales and the profits of one of America's leading technology companies. The company now joins Amazon, Walmart and other major companies as being in the White House's crosshairs as they try to respond to the uncertainty and inflationary pressures unleashed by the import taxes being imposed by Trump.

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鈥淚 have long ago informed Tim Cook of Apple that I expect their iPhone's that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,鈥� Trump posted on Truth Social. 鈥淚f that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.鈥�

Apple, led by CEO Tim Cook, in response to Trump's tariffs on China was looking to shift iPhone manufacturing to India as it adjusts supply chains. That plan has become a festering source of frustration for the U.S. president, who also brought it up last week during his Middle East trip.