Apple Faces Major Hit as Trump Imposes 25% Tariff on Foreign-Made iPhones!!!!
Former President Donald Trump announced a plan to impose a 25% tariff on iPhones manufactured outside the U.S., pressuring Apple to shift production from China, India, and other countries back to American soil.
Market Reaction:
>Apple (AAPL) stock dropped about 3% premarket.
>Dow Jones Futures fell over 600 points.
>Nasdaq Futures declined nearly 400 points.
iPhone Prices Could Surge:
The iPhone 16 Pro Max might jump from $1,199 to around $1,549 due to the tariff.
Full U.S. production could drive prices as high as $3,500 per unit.
Manufacturing Challenge:
Apple relies heavily on China’s infrastructure and skilled workforce.
Moving production to the U.S. will require years and billions in investments.
Looking Ahead:
This tariff escalation signals deeper trade tensions, likely affecting global supply chains and raising prices for consumers and investors alike.