Trump threatens 25% tariff on Apple and Samsung phones not made in US
The Guardian - TechnologyFriday, May 23, 2025 at 3:43:29 PM
Former President Donald Trump is proposing a hefty 25% tariff on iPhones and Samsung phones if they're not manufactured in the U.S., a move that immediately rattled investors—Apple's stock took a $70 billion hit on the news. Trump's push appears aimed at forcing tech giants to shift production stateside, though the practical and economic implications remain unclear.
Editor’s Note: This isn't just about iPhones—it's a high-stakes gamble that could reshape global tech supply chains and consumer prices. If implemented, tariffs could make smartphones more expensive while pressuring companies to overhaul manufacturing. Investors are clearly spooked, but the bigger question is whether this accelerates U.S. production or backfires with higher costs for everyone. Either way, it’s a bold play with ripple effects far beyond Apple’s stock price.
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