Latest news with #MacPro
New York Post
23-05-2025
- Business
- New York Post
Trump warns Apple it could face 25% tariff if it doesn't shift iPhone manufacturing to US
President Donald Trump warned Apple that the company could face a 25% tariff if it does not shift iPhone manufacturing to the United States. In a Truth Social post on Friday, Trump wrote: '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. If that is not the case, a Tariff of at least 25% must be paid by Apple to the US Thank you for your attention to this matter!' The announcement sent ripples through financial markets. Advertisement 4 Trump warns Apple to start making iPhones in the US or face tariff. Getty Images 4 Apple makes the popular cellphone, the iPhone. AP US equity futures dipped, with Nasdaq 100 contracts falling the most and Apple shares tumbling 4%. The tech giant has become a frequent Trump target in his push to force companies to bring more manufacturing jobs to the US. Advertisement Apple makes most of its iPhones in China and has no domestic smartphone production. 4 Apple CEO Tim Cook speaks at an event in September 2024. AFP via Getty Images The company has promised to hire more workers in the US and pledged to spend billions domestically over the next four years. The supply chain for Apple's popular phones has been concentrated in China for years. Trump earlier this month also raised pressure on Apple, saying he had asked Tim Cook, its chief executive officer, to stop building plants in India — part of an effort to shift production from China — and instead focus on the US. Advertisement 4 Apple CEO Tim Cook escorts U.S. President Donald Trump as he tours Apple's Mac Pro manufacturing plant with in Austin, Texas, U.S., November 20, 2019. REUTERS Apple did not immediately respond to a request for comment on Trump's threat.
Irish Daily Star
23-05-2025
- Business
- Irish Daily Star
Donald Trump lashes out at Tim Cook with brutal three-word threat to Apple
U.S. President Donald Trump lashed out at Apple CEO Tim Cook early Friday morning, telling the tech giant that 25% "must be paid" on their goods if they do not make their products within the U.S. borders . Trump made the threat on his Truth Social media platform. "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 wrote in the short message. "If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S. Thank you for your attention to this matter!" Trump's threat came after he asked Cook to stop making the popular phones in India and pivot to U.S. production instead. It was reported last week, while the president was in Qatar, that Trump "had a little problem with Tim Cook yesterday." Read More Related Articles Saorise Ronan wows in black gown after husband declared love for his 'remarkable' Hollywood wife Read More Related Articles Bill Gates names three well-paying jobs that are safe from AI Trump threatened the tech giant's head that 25% "must be paid" on their goods if they do not make their products within the U.S. borders. (Image: Getty Images) "I said to him, ' You're my friend, I've treated you very good . .. but now I hear you're building all over India. I don't want you building in India,'" Trump told the gaggle of reporters. It was revealed that prior to Trump's sweeping tariffs, Apple had allegedly invested $500 billion in the United States in February. It was also reported that, in order to counter its reliance on Chinese production, Apple had accelerated the production of iPhones in India to make 25% of its global production in the country over the next few years. Currently, 90% of the iPhones are assembled in China. Apple had previously invested $500 million in the U.S. economy in February (Image: POOL/AFP via Getty Images) However, Trump seemed to be enraged with the report. "I said to Tim, I said, 'Tim look, we treated you really good, we put up with all the plants that you build in China for years, now you got build us," the president said. "We're not interested in you building in India, India can take care of themselves ... we want you to build here," he said. In a cryptic statement, Trump said that Apple would be "upping" production in the US. Apple had accelerated the production of iPhones in India to make 25% of its global production in the country over the next few years (Image: AFP via Getty Images) According to experts, moving iPhone production to the U.S. will invariably increase final prices to nearly $1,500 to $3,000. Apple produces very few products in the U.S., namely the Mac Pro. It was reported in February that it would launch a manufacturing facility in Texas to produce servers for its AI system, Apple Intelligence. According to experts, moving iPhone production to the U.S. will invariably increase final prices to nearly $1,500 to $3,000. (Image: Getty Images) In April, while imposing tariffs on American trading partners, Trump imposed a 26% tariff on Indian goods, which was lowered temporarily until July as part of his 90-day tariff pause. The U.S. has claimed that India is "one of the highest tariff nations in the world." Trump claimed that New Delhi reached out to Washington to strike a new trade deal where "they are willing to literally charge us no tariff." The Indian government approved Apple's main assembly partner in India, Foxconn, to build a semiconductor plant in the country with HCL Group. Reports indicate that the Indian government approved Apple's main assembly partner in India, Foxconn, to build a semiconductor plant in the country with HCL Group. This is part of Apple's push to diversify its production and expand beyond China to nations like Vietnam and India.
Irish Times
19-05-2025
- Business
- Irish Times
Apple's India pivot ignites Trump tension
Tim Cook once knew how to handle Donald Trump . In 2019, the Apple CEO gifted the president a $6,000 Mac Pro after Trump lowered tariffs on parts Apple needed from China. It was a savvy gesture. Trump likes praise, and Cook gave some again more recently, lauding Trump's 'focus on domestic semiconductor manufacturing'. But the charm may have worn off. Trump grumbled about having 'a little problem with Tim Cook' after learning Apple plans to shift most US iPhone supply to factories in India. 'We are not interested in you building in India,' he added. Cook can't say as much, but he clearly has a problem of his own. Even after a recent rally, Apple shares are down 14 per cent in 2025, largely due to Trump's China tariffs. Moving iPhone production to the US could triple the price to $3,500, according to Wedbush's Dan Ives. READ MORE For now, Cook is keeping quiet. The Mac Pro didn't buy much lasting goodwill.
Yahoo
17-05-2025
- Business
- Yahoo
Apple (AAPL) Faces Trump Pushback Over India Manufacturing Shift
Apple (AAPL, Financials) came under scrutiny Thursday as President Donald Trump said he urged CEO Tim Cook to halt product manufacturing in India and prioritize U.S.-based production instead. Trump, citing a little problem with Cook, said he reminded the Apple chief of the company's $500 billion U.S. investment pledge and expressed dissatisfaction over Apple's ongoing expansion in India. Apple currently assembles around 90% of its iPhones in China but is planning to shift about 25% of that production to India in the coming years. Trump also stated that Apple may increase its U.S. manufacturing efforts, although he offered no details. The president's remarks align with recent White House trade measures, including a 26% reciprocal tariff on Indian imports, temporarily lowered until July. India, in response, has offered to drop tariffs entirely on U.S. goods, Trump said. Meanwhile, Apple's main Indian assembly partner, Foxconn, received clearance to build a semiconductor plant in partnership with HCL Group. The move highlights Apple's broader diversification strategy, which includes exploring production in Vietnam as well. Experts say bringing iPhone manufacturing to the U.S. could result in steep price increases. Estimates place the cost of a domestically built iPhone between $1,500 and $3,500. Currently, Apple's only major U.S.-made hardware is the Mac Pro. The company also recently announced a Texas facility for AI server production. The pressure from Trump introduces political and economic tension into Apple's global supply chain strategy, with potential implications for both production costs and market positioning. Investors will be watching how Apple balances political pressure with supply chain resilience and whether it makes further concessions toward onshore manufacturing. See insider trades for AAPL. Explore Peter Lynch chart. This article first appeared on GuruFocus.
Yahoo
16-05-2025
- Business
- Yahoo
Apple (AAPL) Faces Trump Pushback Over India Manufacturing Shift
Apple (AAPL, Financials) came under scrutiny Thursday as President Donald Trump said he urged CEO Tim Cook to halt product manufacturing in India and prioritize U.S.-based production instead. Warning! GuruFocus has detected 4 Warning Signs with NVDA. Trump, citing a little problem with Cook, said he reminded the Apple chief of the company's $500 billion U.S. investment pledge and expressed dissatisfaction over Apple's ongoing expansion in India. Apple currently assembles around 90% of its iPhones in China but is planning to shift about 25% of that production to India in the coming years. Trump also stated that Apple may increase its U.S. manufacturing efforts, although he offered no details. The president's remarks align with recent White House trade measures, including a 26% reciprocal tariff on Indian imports, temporarily lowered until July. India, in response, has offered to drop tariffs entirely on U.S. goods, Trump said. Meanwhile, Apple's main Indian assembly partner, Foxconn, received clearance to build a semiconductor plant in partnership with HCL Group. The move highlights Apple's broader diversification strategy, which includes exploring production in Vietnam as well. Experts say bringing iPhone manufacturing to the U.S. could result in steep price increases. Estimates place the cost of a domestically built iPhone between $1,500 and $3,500. Currently, Apple's only major U.S.-made hardware is the Mac Pro. The company also recently announced a Texas facility for AI server production. The pressure from Trump introduces political and economic tension into Apple's global supply chain strategy, with potential implications for both production costs and market positioning. Investors will be watching how Apple balances political pressure with supply chain resilience and whether it makes further concessions toward onshore manufacturing. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
