Gatestone Institute senior fellow Gordon Chang weighs in on President Donald Trump threatening Apple with tariffs, commerce talks and the state of Chinas financial system throughout a wide-ranging interview on Mornings with Maria.
President Donald Trump on Friday threatened to impose contemporary tariffs on each Apple and the European Union, saying that the iPhone producer and the buying and selling bloc haven’t heeded to his earlier calls for.
In two quick-fire posts on Fact Social, Trump warned he would slap a 25% tariff on imported iPhones if Apple refuses to make the smartphones within the U.S. The transfer comes after Trump met with Apple CEO Tim Prepare dinner on the White Home on Wednesday, Fox confirmed.
Trump additionally threatened the EU with a straight 50% tariff, writing that the bloc has been very troublesome to take care of in commerce negotiations.
“I 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, or anyplace else,” Trump wrote.
President Donald Trump, left, and Apple CEO Tim Prepare dinner touring the Flextronics pc manufacturing facility the place Apple’s Mac Professionals are assembled in Austin, Texas, on Nov. 20, 2019. (Mandel Ngan/AFP through Getty Photographs / Getty Photographs)
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“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!”
Bringing again manufacturing jobs to the U.S. is a cornerstone of Trump’s “America First” agenda, with Trump additionally calling out Prepare dinner final week in Qatar, saying that he had a “little problem” with the tech big utilizing amenities in India to make iPhones on the market within the U.S.
Apple has been turning to India for extra future manufacturing of telephones destined for the American market to attempt to cut back its dependence on China for manufacturing and take care of tariffs, in line with Bloomberg.
In the meantime, Trump accused the EU of exploiting the U.S. via commerce limitations, taxes, penalties and lawsuits.
Trump met with Apple CEO Tim Prepare dinner on the White Home on Wednesday, Fox confirmed. (iStock / Getty Photographs)
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He stated the U.S. has a commerce deficit of greater than $250 billion and that present commerce negotiations are “going nowhere.”
Trump is proposing a 50% tariff on all EU items beginning June 1, 2025 until they’re made within the U.S.
“The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with,” Trump wrote.
“Their powerful trade barriers, vat taxes, ridiculous corporate penalties, non-monetary trade barriers, monetary manipulations, unfair and unjustified lawsuits against American companies, and more, have led to a trade deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable.”
“There is no tariff if the product is built or manufactured in the United States. Thank you for your attention to this matter!”
President Donald Trump holds up a chart of “reciprocal tariffs” whereas talking throughout a “Make America Wealthy Again” commerce announcement occasion within the Rose Backyard on the White Home on April 2, 2025 in Washington, D.C. (Chip Somodevilla/Getty Photographs / Getty Photographs)
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The EU tariff risk comes after Vice President JD Vance met European Fee President Ursula von der Leyen and Italian Prime Minister Giorgia Meloni on Sunday.
The White Home has imposed a 25% tariff on imports of metal, aluminum and automobiles, in addition to a baseline 10% tariff on nearly all international locations, with extra “reciprocal” tariffs — making for a mixed 20% within the EU’s case — lined up if negotiations throughout a 90-day pause fail.
A 90-day negotiation interval is ready to run out on July 8.
Fox Enterprise’ Aislinn Murphy and Reuters contributed to this report.