Publisher: Maaal International Media Company
License: 465734
US President Donald Trump announced on Friday that he would impose 25% tariffs on Apple and Samsung devices if they are not made in the United States, in a post on Truth Social.
Trump explained that these tariffs, which will begin at the end of June, are intended to encourage domestic manufacturing, noting that Apple and Samsung will be subject to this policy if their phones continue to be manufactured in countries such as China, Vietnam, and India.
The announcement sent shares of both companies tumbling in pre-market trading amid concerns about rising smartphone prices in the United States.
This threat follows a temporary exemption from the reciprocal tariffs in April, reflecting an escalation in Trump’s pressure to bring manufacturing back to the United States.