๐จ In a bold move shaking global tech markets, U.S. President Donald Trump ๐บ๐ธ has threatened a 25% import tariff on all iPhones and Samsung devices not manufactured within the United States. The announcement ๐ข sent tremors through Wall Street, slashing nearly $70 billion off Appleโs stock valuation ๐๐.
๐ฌ Trumpโs Declaration:
โI have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India ๐ฎ๐ณ or anyplace else.โ
๐ The market responded swiftly โ Apple shares dipped by 2.6%, nudging its total valuation below the $3 trillion mark. Trumpโs tariff tirade isnโt targeting Apple alone โ Samsung and other global smartphone makers are also in the firing line if they donโt shift production to the US ๐๏ธ๐บ๐ธ.
๐ Interesting Note:
Apple sells over 60 million iPhones annually in the US, but 90% are assembled in China ๐จ๐ณ. Plans were already in motion to shift some production to India to avoid US-China trade war impacts.
๐ In a recent rebuke, Trump reminded Appleโs CEO Tim Cook: โWeโve put up with all the plants youโve built in China... now build for us. Weโre not interested in India.โ Trumpโs stance reflects a broader push for American manufacturing, despite analysts warning of skyrocketing costs. An iPhone made entirely in the US could hit a jaw-dropping price of $3,500 ๐ธ.
โ๏ธ As the US ramped up tariff threats, the European Union ๐ช๐บ pushed back, calling for โrespectโ in ongoing trade talks. Trump recently floated a plan to impose 50% tariffs on all EU imports, calling out the slow pace of negotiations.
๐ฌ EU Trade Chief Maros Sefcovic:
"EU-US trade is unmatched & must be guided by mutual respect, not threats."
๐ The EU exports over $600 billion in goods to the US annually and buys about $370 billion in return. Trump blames this trade imbalance on unfair EU policies, especially targeting automobiles ๐ and agriculture ๐พ.
๐ฎ๐ช ๐ซ๐ท ๐ฉ๐ช ๐ณ๐ฑ European leaders responded firmly:
๐ With threats looming from Washington, global markets shook โ the S&P 500 dropped 0.7%, Germanyโs DAX and Franceโs CAC 40 both down over 1.5%. The future of global trade alliances is under intense pressure from Trumpโs America-first policy hammer ๐จ.
๐ Hashtags:
#TrumpTariffs #AppleCrisis #SamsungWatch #TradeWar2025 #MadeInUSA ๐บ๐ธ #EUTrade #iPhoneShockwave #TechAndTariffs #IndiaChinaShift #GlobalMarkets
๐ Whether these threats translate into tangible policy or remain bluster will shape the future of smartphones ๐ฑ, trade alliances ๐, and consumer wallets ๐ต. One thingโs certain โ the world is watching.
The tariff war is heating up. Will it change how and where your smartphone is made? Let your voice be heard! ๐ฌ๐
๐ Join the Debate or Subscribe for More Global Trade Insights
#TrumpTariff #AppleInAmerica #SamsungMadeInUSA #EUTradeTensions #iPhone25Tax #GlobalTradeWatch #BuildInUSA ๐บ๐ธ๐ฒ
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