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President Trump said the U.S. will impose steep levies on imports from 14 countries starting next month, raising pressure on trading partners.
WASHINGTON — President Donald Trump on Friday threatened a 50% tax on all imports from the European Union as well a 25% tariff on smart phones unless those products are made in America.
Apple rerouted 97% of its India-made iPhones to the U.S. between March and May to avoid steep China tariffs, as Trump threatens a 25% levy on devices manufactured outside America.
Hours after the president threatened a 25 percent tariff on Apple unless it moved iPhone production to the US, Trump threatened even more expansive tariffs, which he said could begin within weeks.
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Although, Apple doesn’t seem to stop its efforts in India despite Trump’s threat of putting "at least 25%" tariffs on Indian-made iPhones, unless production moves to the United States.
U.S. trade director Peter Navarro took aim at Apple again today, causing the company's stock to briefly drop. In an interview ...
President Donald Trump has started to dictate new tariff rates for countries without a U.S. trade deal, with the Apple Watch, ...