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The Independent UK
The Independent UK
Rhian Lubin

Apple sees stock drop after Trump threatens 25 percent tariffs unless they build iPhones in America

Apple Donald Trump Tim Cook India

Apple’s stock dropped Friday after President Donald Trump threatened to slap the company with a hefty 25 percent tariff on all products unless it moves iPhone manufacturing to the U.S.

The tech giant saw shares fall 3 percent as the markets closed, down around 6 points, following the president’s threat against the company in a Truth Social post. Overall the Dow Jones dropped by about 250 points on fears after Trump’s Friday tariff threats against apple and the European Union.

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