Apple falls after Trump says 25% tariffs on iPhones not made in US

ReutersMay 23, 2025 11:33 AM

Shares of iPhone maker Apple AAPL.O fall 3.6% to $194.92 premarket

Apple must pay 25% tariffs if phones sold in U.S. are not made in the country, President Donald Trump says in a post on his social media platform Truth Social

Apple is positioning India as an alternative manufacturing base amid tariffs on China, which have raised supply chain concerns and fears of higher iPhone prices, Reuters reported last month

Analysts' average rating on the stock is "buy"; their PT is $235.0 - LSEG

AAPL down ~19.5% YTD

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