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Trump Threatens 25% Tariffs on Apple If iPhones Not Built in US
Posted
May 23, 2025
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0:19Now PlayingPresident Donald Trump threatened a sweeping 50% tariff on the European Union and a 25% levy on Apple Inc. if the tech giant failed to move iPhone manufacturing to the US, reigniting investor fears about his trade agenda.
Trump said Friday in a social media post that the higher charge on the EU would start on June 1 because “our discussions with them are going nowhere,” adding that he saw the bloc as “very difficult to deal with.”
US Treasury Secretary Scott Bessent said Friday on Fox News after Trump’s message that “the president believes that the EU proposals have not been of the same quality that we’ve seen from our other important trading partners” and expressed hope “this would light a fire under the EU.”
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