- Trump has expanded his trade policy, threatening a 25% import tax on all smartphones not manufactured in the U.S., targeting companies like Samsung and Apple.
- This move aims to encourage companies to shift their manufacturing to the U.S., aligning with Trump’s “America First” agenda.
- Apple’s stock dropped 2.6% following the announcement, reflecting market concerns over potential cost increases and supply chain disruptions.
👉 Why this matters: If implemented, these tariffs could lead to higher smartphone prices for consumers and compel tech giants to reconsider their global manufacturing strategies.
🔗 Source: AP News
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