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Trump says Samsung, other phone-makers could be hit with tariffs

  • On May 23, 2025, President Trump warned that unless Apple and other smartphone makers like Samsung shift production to the United States, a tariff of at least 25% would be applied to their imported devices.
  • This escalation follows ongoing trade tensions and Trump's longstanding demand that Apple relocate iPhone manufacturing from China and India to the United States to support domestic production.
  • Apple assembles most iPhones in China and has accelerated shifting production to India to avoid tariffs, but experts say onshoring production at scale remains infeasible in the near term.
  • Apple shares fell about 3% on Friday in reaction to Trump's tariff threat, while analysts warned that tariffs could force Apple to raise iPhone prices by $100 to $350, benefiting rivals like Samsung.
  • The tariff threat could disrupt Apple’s supply chain and financial outlook, intensifying market uncertainty and pressuring the company to balance manufacturing shifts with cost and competitiveness.
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Portfolio.hu broke the news in on Friday, May 23, 2025.
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