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US President Donald Trump (r) and Apple CEO Tim Cook discuss to the click right through a excursion of the Flextronics pc production facility the place Apple’s Mac Pros are assembled in Austin, Texas, on November 20, 2019.
Mandel Ngan | AFP | Getty Images
President Donald Trump stated in a social media submit Friday morning that Apple must pay a tariff of 25% or extra for iPhones made outdoor the United States.
“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. If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.,” Trump stated on Truth Social.
Shares of Apple fell greater than 2% in premarket buying and selling.
Production of Apple’s flagship telephone occurs basically in China, however the nation has been moving manufacturing to India partially as a result of that nation has a friendlier business dating with the United States.
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