Donald Trump expands tariff threat to Apple
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Donald Trump warned Apple that the U.S. government would impose a tariff of "at least 25%" on iPhones manufactured overseas.
President Donald Trump threatened the European Union with 50 percent tariffs. More tariff turmoil: Trump is also waging war on Apple, threatening 25 percent tariffs if it doesn’t shift iPhone production to the United States — that could mean price hikes. Stock markets fell slightly with the news.
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Price increases are becoming the norm amid Trump's tariff policies, with Subaru set to charge more in the US market and Walmart clashing with the president over impending inflation.
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