**Headline:** President Trump Sets Potential Tariff on Apple iPhones
**Key Facts:**
– President Trump announced on May 23 that Apple must manufacture iPhones in the United States to avoid a tariff of at least 25% on U.S.-sold devices.
– Trump communicated this expectation via social media, stating that manufacturing in other countries, such as India, would not be acceptable.
– The uncertainty surrounding the tariff policy has led to market fluctuations, causing Apple’s stock to drop initially but later recover.
– A shift to U.S. production could significantly increase costs for Apple, impacting its pricing strategy and overall profitability.
