“$3 Trillion Below”: Apple’s Market Cap Impacted by Trump’s Tariff Talk

Apple’s market capitalization briefly dipped below $3 trillion, a direct consequence of Donald Trump’s tariff talk threatening a 25% levy on iPhones not made in the US. This significant financial impact underscores the immediate effect of the former president’s pronouncements on major corporations. The pressure is mounting on Apple to re-evaluate its global manufacturing strategy.
Trump’s statement on Truth Social was unequivocal: iPhones sold in the United States must be manufactured within the nation’s borders, not in India or other overseas locations. He directly addressed Apple CEO Tim Cook, expressing his long-held expectation for US-bound iPhones to be built in America, challenging Apple’s global supply chain strategy.
The tariff threat extends beyond Apple, encompassing Samsung and any other phone manufacturer producing devices outside of the US. Trump stated that building plants in the US would be the key to avoiding these tariffs, creating a powerful incentive for companies to invest in American manufacturing and job creation. This comprehensive policy seeks to transform the global electronics supply chain.
However, experts are warning about the significant economic and logistical challenges of such a widespread manufacturing relocation. They point to the absence of the specialized facilities and a flexible workforce that Apple currently enjoys in major production hubs like China. The estimate of a US-made iPhone potentially costing $3,500 underscores the substantial price increase that consumers might face.