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Apple stock falls premarket after Trump threatens 25% tariff on iPhones made outside the US
AAPLApple(AAPL) Business Insider·2025-05-23 19:56

Apple dipped premarket on Friday after President Donald Trump said iPhones manufactured outside the US would face a tariff of at least 25%. "I 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," Trump wrote in a Truth Social post on Friday.He warned that if Apple failed to comply, the company must pay the US a tariff of "at least" 25%. Apple stock was down ...