US Edition
Trump says Samsung, other phone-makers could be hit with tariffs
- President Donald Trump announced on May 23, 2025, a 25% tariff on all smartphones imported into the U.S., including Apple and Samsung devices.
- Trump imposed the tariff to pressure Apple CEO Tim Cook to move iPhone manufacturing back to the U.S. Amid ongoing trade tensions and supply chain concerns.
- Apple has been expanding iPhone production in India and plans to make most U.S.-sold iPhones there by 2026, partially to mitigate tariff impacts and diversify away from China.
- On Friday, Apple shares fell nearly 3%, with analysts warning tariffs could force iPhone prices up by $100 to $350, potentially benefiting rivals like Samsung, which Jim Cramer called the "winner here."
- The tariffs, effective by the end of June 2025, underscore risks for Apple’s supply chain and investor confidence while indicating a broader U.S. Strategy to encourage domestic manufacturing.
90 Articles
90 Articles
Trump warns Apple and Samsung that 25% smartphone tariffs could land in June
In a Friday morning Truth social post, President Donald Trump threatened to levy a 25 percent tariff on iPhones if Tim Cook didn't move manufacturing to the United States. It turns out the situation is a little more complicated than that.While speaking to the media later that day, Trump clarified that the tariff would apply to any company selling foreign-made phones in the U.S., not just Apple. The president said the new 25% smartphone tariff co…
'This is to Make America Great Again?': Man exposes the backwards math of MAGA tariffs where U.S. companies pay 15% more than foreign rivals
President Trump has doubled down on using tariffs to stop American companies from foreign production. And it seems like it’s getting so severe that it’s foreign companies that are getting the advantage. When Trump was getting inaugurated for his second term, there was a noticeable shift in business people’s reactions. Whereas in the first term they were openly critical of him for using his platform to champion things like an insurrection, the bu…
Trump Says You Can Import 25% Tariffs to Samsung and Other Mobile Manufacturers
"If you're going to sell in the United States, I want you to make it here," Trump insisted, which confirmed that there will be no tariffs for companies to transfer their factories to the country.
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