President Trump lashed out at Apple on Friday, threatening the corporate with a 25% tariff on iPhones except it strikes manufacturing to the U.S.
“I’ve way back knowledgeable Tim Cook dinner of Apple that I anticipate their iPhone’s [sic] that shall be bought in the US of America shall be manufactured and inbuilt the US, not India, or anyplace else,” Trump wrote on Reality Social. “If that isn’t the case, a Tariff of not less than 25% have to be paid by Apple to the U.S. Thanks in your consideration to this matter!”
Trump’s submit comes days after Apple’s main manufacturing accomplice, Foxconn, announced a $1.5 billion investment in its India unit. Apple has been seeking to shift {hardware} manufacturing to India because the commerce battle with China beneath President Trump takes unpredictable twists and turns.
In an earnings name earlier this month, Cook dinner mentioned that almost all of iPhones bought within the U.S. “could have India as their nation of origin.”
President Trump expressed his displeasure over Apple’s shift to India final week whereas he was within the Center East, according to CNN. The 2 males additionally met on Tuesday, the outlet reported, though particulars on what they mentioned have been slim.
Trump has began ratcheting up assaults on firms making an attempt to keep away from the ramifications of U.S.-imposed tariffs. Simply this weekend, he wrote a post calling for Walmart to “EAT THE TARIFFS,” moderately than move them on to buyers.