Tag: Trump

Recently, President Donald Trump said he might impose a 25% tax on every iPhone sold in the United States, unless Apple starts building them domestically. He wants US factories, not Indian or Chinese factories, to build Apple’s phones. Should Apple produce iPhones in foreign countries, the tax they must pay will likely increase the cost for American buyers.

Tensions in trade with Europe are intensifying

He warned that if talks over trade do not improve, the United States will apply a 50% tariff to goods from the European Union, especially luxury items and medicines. Because of these threats, markets around the globe are concerned and Apple’s share price has gone down.

The problems facing Apple worldwide

The majority of Apple’s products are made in factories in China and India. Should Apple be required to move production to the US, it could take many years and iPhones could reach prices up to $3,500—something few can afford. Following a tax bill of $14.4 billion from Europe, Apple’s profits fell 36% in its most recent quarter.

Impact on people and the marketplace

Apple has suggested it could increase the prices for its products in the US if tariffs are imposed. The company has lost hundreds of billions in value because of early tariff threats, and many investors are now concerned about possible further tariffs.

All in all, the pressure from Trump’s new tariff threats has made it unclear what will happen to Apple and its customers around the world.

U.S. President Trump said that if Apple increases iPhone assembly in India, he will threaten to add a 25% tariff to those devices. At a recent New Jersey rally, Trump announced he intends to add an import tax to U.S.-made iPhones if elected again.

Trouble between the United States and China has pushed Apple to make more physical components in India instead of China. The country has been giving big incentives to companies, hoping to secure Apple’s investment. Consequently, Apple now produces close to 14% of its iPhones in India and the figure could rise in the future.

Trump spoke against Apple for producing its devices in China and India. He feels companies should manufacture their products in the U.S. so they can help the local employment and economy. He mentioned that if iPhones are still manufactured abroad, every one imported to the U.S. would face a 25% tariff.

Trump has previously gone after Apple. He pressed the company’s home country to resume manufacturing in the United States while he was president. If Trump is given another chance, he seems ready to turn back to harsh trade policies. Apple has not responded to Trump’s statement, but any increased tariffs could lead to iPhone prices rising in the U.S. and a disruption of the company’s worldwide supply chain.

Source

In a loud, all-caps message on Truth Social today, President Donald Trump told Apple to completely stop its diversity, equity, and inclusion (DEI) rules.

“APPLE SHOULD DUMP DEI RULES, NOT JUST TWEAK THEM,” he posted.

This comes right after Apple’s yearly shareholder meeting yesterday. At the meeting, most shareholders said no to a plan that would have asked Apple to get rid of its Inclusion & Diversity goals. The idea came from the National Center for Public Policy Research, a group that says it’s a fair, free-market, conservative think tank. They argued that DEI efforts could bring legal trouble, hurt the company’s image, and cost shareholders money.

Apple told its shareholders to vote against the plan, calling it an attempt to control how the company runs. The tech giant said it already keeps an eye on its work to follow anti-discrimination laws. During the meeting, Apple’s CEO, Tim Cook, admitted that laws might force changes to DEI rules later on. But Trump thinks Apple should just drop them entirely. Still, Cook promised shareholders that Apple will always focus on making everyone feel welcome.

“We work hard to build a place where everyone belongs and can do their best,” Apple shared in its meeting notice.

Since coming back to the White House, Trump has been against DEI programs. Last month, he made a rule to end DEI in federal jobs. After that, some big tech names like Google have started cutting back on their own DEI plans. This topic stirs up a lot of opinions, so we’ve moved the conversation to our Political News forum. Anyone can read it, but only forum members with 100+ posts can join in.