Apple stock sinks after Trump threatens 25% tariff if iPhones aren't made in the U.S.

Apple shares fell 3% Friday after President Donald Trump threatened the tech giant with a 25% tariff if it does not start producing iPhones in the U.S. — his latest salvo directly targeting a U.S. company over how it conducts its business.

Apple shares fell 3% Friday after President Donald Trump threatened the tech giant with a 25% tariff if it does not start producing iPhones in the U.S. — his latest salvo directly targeting a U.S. company over how it conducts its business.

In a post on his Truth Social platform Friday morning, Trump wrote he had "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 said.

Apple is now down approximately 20% year to date as Trump's threats run up against concerns about the tech giant keeping pace with the AI race.

In remarks to the press early Friday afternoon, Trump clarified that any tariff imposed on Apple would also apply to devices imported by companies like Samsung “and any other company that makes that product.”