Trump wants Apple to build iPhones inside America. The government will charge Apple 25 percent extra taxes if the company keeps making phones overseas. Kevin Hassett works for the National Economic Council and says customers will not pay more money. Most experts think this claim makes no sense because companies always pass taxes to buyers. Apple has not said anything about these new rules.
President Trump calls Apple CEO Tim Cook his friend but wants him to stop building factories in other countries like India. The White House demands Cook focus on American manufacturing instead. Hassett calls the taxes small but they could cost Apple millions of dollars. The tariffs will hurt Apple's profits and force difficult business choices. Some analysts warn Apple might cancel its 500 billion dollar American investment plan.
Bloomberg reporter Mark Gurman says making iPhones in America cannot work. Labor costs would make phones much more expensive for everyone. Other experts agree that moving production to America would create major problems. Ming-Chi Kuo thinks Apple should just pay the tariffs rather than change factories. Companies rarely move entire manufacturing operations because of government pressure.
President Trump calls Apple CEO Tim Cook his friend but wants him to stop building factories in other countries like India. The White House demands Cook focus on American manufacturing instead. Hassett calls the taxes small but they could cost Apple millions of dollars. The tariffs will hurt Apple's profits and force difficult business choices. Some analysts warn Apple might cancel its 500 billion dollar American investment plan.
Bloomberg reporter Mark Gurman says making iPhones in America cannot work. Labor costs would make phones much more expensive for everyone. Other experts agree that moving production to America would create major problems. Ming-Chi Kuo thinks Apple should just pay the tariffs rather than change factories. Companies rarely move entire manufacturing operations because of government pressure.
