Trump's Ultimatum To Apple Could Jack Up The Price Of Your Next iPhone

In April, President Trump announced that smartphones and a host of other electronic devices would be excluded from the tariff dispute between the US and China, bringing some temporary relief to the tech industry. Apple, however, may be entangled in a web of new tariffs. Following Apple's decision and subsequent announcement to build a factory in India, President Trump has threatened to impose a tariff on all iPhones coming into the US market.

In a post on Truth Social on Friday, the president said that he had previously told Apple CEO, Tim Cook, that all iPhones intended for sale in the US, should also be manufactured in the US. He added that failure to abide by this will result in a tariff of 25%.

This latest threat by the President comes despite Apple's promise to spend $500 billion in the US, to expand its facilities and create more ...