"Made in USA" seal or 25% customs duty President Donald Trump threatens Apple with a 25% customs duty if it does not produce in the country and is sinking its stocks on Wall Street
🌐 Donald Trump's trade war became a focal point of economic interest again on Friday, May 23, with a direct threat to Silicon Valley's flagship company Apple.
The President of the United States issued an ultimatum via the social media platform Truth Social: If iPhones are not produced on U.S. soil, the company will have to accept a 25% customs duty.
The warning had an immediate impact on the markets: Apple shares fell by more than 3% in pre-market trading, while the S&P 500 dropped by 1.23%.
🚨 The threat comes despite Apple’s president taking action to calm the situation. Shortly after Trump returned to power, the company announced in February that it would invest $500 billion over the next four years.
A new factory is planned to be established in Houston, providing employment for 20,000 people. But it seems that this has not been sufficient. The threat to Apple may just be the tip of the iceberg. Trump announced that other tech brands, like South Korean Samsung, would also face a 25% customs duty if they do not move their factories to the U.S.
"If you want to sell in the U.S., I want you to produce here," said the President, assuring that the measures could come into effect by the end of June.
"Going to India is not a problem, but they will not sell here without a customs duty. That's the situation," the president said in his statement in the Oval Office. And although some measures have been temporarily suspended in the past, this new trade offensive appears to have a more forceful and permanent tone.
#TrumpTariffs $TRUMP
🌐 Donald Trump's trade war became a focal point of economic interest again on Friday, May 23, with a direct threat to Silicon Valley's flagship company Apple.
The President of the United States issued an ultimatum via the social media platform Truth Social: If iPhones are not produced on U.S. soil, the company will have to accept a 25% customs duty.
The warning had an immediate impact on the markets: Apple shares fell by more than 3% in pre-market trading, while the S&P 500 dropped by 1.23%.
🚨 The threat comes despite Apple’s president taking action to calm the situation. Shortly after Trump returned to power, the company announced in February that it would invest $500 billion over the next four years.
A new factory is planned to be established in Houston, providing employment for 20,000 people. But it seems that this has not been sufficient. The threat to Apple may just be the tip of the iceberg. Trump announced that other tech brands, like South Korean Samsung, would also face a 25% customs duty if they do not move their factories to the U.S.
"If you want to sell in the U.S., I want you to produce here," said the President, assuring that the measures could come into effect by the end of June.
"Going to India is not a problem, but they will not sell here without a customs duty. That's the situation," the president said in his statement in the Oval Office. And although some measures have been temporarily suspended in the past, this new trade offensive appears to have a more forceful and permanent tone.
#TrumpTariffs $TRUMP
