Apple, iPhone and Donald Trump
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Apple is set to expand its retail footprint in India by opening its third store at Bengaluru’s Phoenix Mall of Asia.
Trump blasted Apple in a social media post May 23 for producing more than half its phones in India, as Apple CEO Tim Cook said on a recent earnings call to avoid higher tariffs on products from China.
The administration immediately petitioned a court to allow the United States to continue imposing stiff tariffs.
US President Donald Trump’s fondness for Tim Cook is souring. He took several jabs at Apple’s chief executive during his recent tour of the Middle East, likely stemming from his resistance to shifting iPhone production out of China.
National Review condemned president Donald Trump on Wednesday for acting like a "king" in an editorial addressing his "ominous threat to Apple." The post National Review Condemns Trump for Acting Like a ‘King’ With ‘Ominous Threat’ first appeared on Mediaite.
The term “TACO,” short for Trump Always Chickens Out, has been used to describe how markets tumble on the president’s tariff threats, then rebound when he gives way.
The president floated a 25% tariff on iPhones imported into the U.S. on Friday, adding that Apple (AAPL) would foot the bill.
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