Apple shares tumble 4% as Trump threatens 25% tariff on iPhone made outdoors US – OXBIG NEWS NETWORK-OxBig News Network

Apple Inc.’s shares plunged 4% to a low of $193.46 on Friday after US President Donald Trump threatened to impose a brand new 25% levy on the iPhone maker if it continues manufacturing units outdoors the United States.The warning got here amid escalating commerce tensions, as Trump additionally proposed a sweeping 50% tariff on items from the European Union.As of 11:07 am ET, Apple shares have been buying and selling at $195.94, down 2.69%.The announcement, made by way of a sequence of posts on Trump’s Truth Social platform, rattled investor confidence and triggered a broad sell-off on Wall Street. “I’m recommending a straight 50% Tariff on the European Union, beginning on June 1, 2025,” Trump acknowledged, expressing frustration with ongoing commerce negotiations with the bloc, which he claimed “are going nowhere.”Major know-how shares together with Microsoft, NVIDIA, Amazon, Alphabet, and Meta additionally registered losses of as much as 2% in early commerce.A Reuters report famous that if enacted, the proposed tariffs would considerably elevate the present 10% levy on imported merchandise and intensify financial frictions between the US and the EU—its largest buying and selling companion.In a separate message, Trump criticized Apple for failing to shift iPhone manufacturing to the US regardless of his prior requests. He warned that tariffs of “not less than” 25% could possibly be imposed if the corporate doesn’t comply.Market anxiousness was mirrored within the VIX volatility index—Wall Street’s “worry gauge”—which spiked by 18.5% round 9:30 a.m. in New York.Trump’s administration had beforehand paused reciprocal tariffs on April 9, per week after implementing them on April 2, which he dubbed ‘Liberation Day.’ This adopted earlier 25% tariffs on metal and aluminum imports.Talks are ongoing between the US and greater than a dozen nations, together with the EU, to strike commerce agreements earlier than international tariffs probably return in early July. On May 12, Washington and Beijing agreed to a 90-day pause on their tit-for-tat tariff measures.Despite efforts to succeed in offers, overseas officers stay cautious, citing a scarcity of readability from the US on its calls for and issues that Trump may unpredictably reinstate tariffs—undermining negotiations.