Trump marketing consultant Hassett says ‘we do not need to hurt’ Apple with iPhone price lists

National Economic Council Director Kevin Hassett stated Tuesday that the Trump management does now not need to “hurt Apple” with price lists.

“Everybody is trying to make it seem like it’s a catastrophe if there’s a tiny little tariff on them right now, to try to negotiate down the tariffs,” Hassett informed CNBC’s “Squawk Box” on Tuesday. “In the end, we’ll see what happens, we’ll see what the update is, but we don’t want to harm Apple.”

Hassett’s feedback come after President Donald Trump stated in a social media submit that Apple should pay a tariff of 25% or extra for iPhones made outdoor the U.S. Apple has traditionally manufactured its merchandise in overseas nations together with China, India and Vietnam.

By some estimates, a U.S.-made iPhone may price up to $3,500.

“I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump wrote within the submit. “If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S. Thank your for your attention to this matter!”

Shares of Apple had been up greater than 1% Tuesday.

Apple didn’t instantly reply to CNBC’s request for remark.

WATCH: NEC Director Kevin Hassett on Trump’s iPhone tariff risk: In the tip, we don’t need to hurt Apple