Shares of the technology company Apple fell by 4% in ten minutes after US President Donald Trump threatened to impose tariffs if the company does not move its production to the US. This is shown by data from the NASDAQ exchange.
According to the chart, Apple's shares fell from $201 to less than $193 in less than 10 minutes. The movement took place during electronic trading in the first half of the day.
Donald Trump announced on the social network Truth Social that he had informed Apple CEO Tim Cook about the need to move iPhone production to the United States. He stressed that devices sold in the US market must be “manufactured and assembled in the US“, and not in India or other countries. Otherwise, Apple will have to “pay the United States a tariff of no less than 25%."
India currently produces about 18% of the world's iPhones. China's share in their production is more than 75%. According to Bloomberg, Apple produced iPhones in India worth $14 billion in the fiscal year 2024-25 (ended in March), which is about 14% of total production.