Donald Trump, Apple and iPhone
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For Tim Cook, the hits keep coming. On Friday, President Trump targeted Apple with new demands that the company make iPhones in the U.S., threatening 25% tariffs if the company doesn’t comply. “Rise and shine Tim Cook,
Even with a 25% tariff, the numbers still favor India. A $1,000 iPhone made in India would incur a $250 tariff. Add that to the $30 assembly cost, and the total is $280—still far cheaper than U.S. assembly alone.
Apple previously said in February it would spend $500 billion to expand many of its operations in the U.S., including assembling AI servers in Houston.