Trump expands Apple tariff threat to all other phone makers
Apple's cofounder Steve Jobs ( L) and its current CEO Tim Cook. Jobs was the visionary who revolutionized the industry , Cook has overseen a period of unprecedented growth. But Apple has reportedly been using the iPhone as a cash cow , with very little innovation since Jobs passed away. Many analysts believe that Apple has no excuse to make the iPhones outside the US for American consumers and should hire a visionary to expand Apple's product line . Without innovation Apple could face the fate of the other once-dominant phone makers that have faded in recent years, including
Nokia
,
BlackBerry
,
LG
, and
Motorola
President Trump
on Friday warned
Apple
that it needed to build U.S.-sold iPhones in the United States or face a 25% tariff.
Why it matters:
Apple already committed to a
$500 billion U.S. expansion
, but now Trump wants Apple to also make the iPhones in the US for the United States market
'
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,' Trump posted
to Truth Social
.
Later Friday, Trump suggested the tariff would actually affect all cellphone companies that import into the U.S., as soon as next month.
Analysts claim that a U.S.-manufactured iPhone would be prohibitively expensive.
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