Trump, iPhone and tariff
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Ben Rose is president of Battle Road Research, an independent equity-research firm.Apple CEO Tim Cook’s response to President Donald Trump’s made-in-America push calls to mind a scene in the movie My Cousin Vinny.
Wedbush analyst Dan Ives rebuked President Donald Trump’s announcement of a special tariff on Apple Inc. (NASDAQ:AAPL) iPhones. In a bold move that could escalate tariff tensions, President Donald Trump demanded that Apple and other smartphone makers manufacture their phones in the United States- or face a 25% tariff instead.
Trump's Ultimatum to Tim Cook: Only iPhones Built in the US Can Be Sold Here- Full Story in 5 Points
Trump claims he personally told Apple CEO Tim Cook that he does not want Apple to build iPhones in India and that India can take care of itself.
It's just saying, ‘I think we can squeeze a little bit more out of you,’” Morningstar technology analyst William Kerwin told Fortune.
In a note to clients on Friday, Mizuho TMT specialist Jordan Klein warned that escalating rhetoric from President Donald Trump targeting Apple (NASDAQ:AAPL) could spell trouble for the tech giant as it navigates global production shifts.
President Trump took a swing Thursday at Apple CEO Tim Cook over his company’s manufacturing in India, emphasizing that he wants the iPhone maker to expand production in the United States.