Apple stock took a sharp hit today after former U.S. President Donald Trump made a bold statement on his social media platform, Truth Social, threatening to impose a 25% tariff on iPhones that are not manufactured in the United States.

Apple share price as on 23rd, may 2025

What did Trump say about Tim Cook and APPLE ?

On Truth Social, Trump posted:

“I have long ago informed Tim Cook of Apple that I expect their iphone’s that will be sold in the United States of America Will manufactured and built in the United States, not India, or anyplace else. If that is not the case, a Tariff of at least 25% myst be paid by apple to the U.S. Thank you for you attention to this matter!”

Where does Apple currently manufactures iPhones?

China remains Apple’s largest production hub, India and Vietnam have recently been added to diversify supply chains Very limited manufacturing in the USA, mostly for custom parts.
Trump specifically mentioned india because of apple recent announcement of manufacturing iPhones in India. this makes apple vulnerable in front of donald trump and has to obey the government in near future which could affect their profitability, this fear has clearly seen in apple share price.