Trump threatens 25% tariff on iPhones
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Trump told reporters later on Friday that the 25% tariff would also apply to Samsung 005930.KS and other smartphone makers.
US President Donald Trump boasted “jobs and factories will come roaring back” when he unleashed unprecedented tariffs around the world during his “Liberation Day” address last month.
Tariffs, politics, and shifting priorities are unraveling the iPhone supply chain that once tied the US and China together.
On Tuesday, it was reported that Chinese shipments of Apple's iPhone and mobile devices to the US fell to their lowest since 2011 in April. The sharp drop highlights how US tariff