<p>US President <a href="https://www.deccanherald.com/tags/donald-trump">Donald Trump</a> said on Friday that Apple would have to pay a 25 per cent <a href="https://www.deccanherald.com/tags/tariffs">tariff </a>if phones sold in the country were not made within its borders.</p>.<p>Shares of Apple dropped 2.5 per cent in premarket trading on Trump's warning, dragging down US stock index futures lower.</p>.<p>"I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else," Trump said in a post on Truth Social.</p>.<p>"If that is not the case, a Tariff of at least 25 per cent must be paid by Apple to the US"</p>.Taliban in talks with Russia, China for trade transactions in local currencies.<p>It is not clear if Trump can levy a tariff on an individual company. Apple did not immediately respond to a <em>Reuters</em> request for comment.</p>.<p>Apple is positioning India as an alternative manufacturing base amid Trump's tariffs on China that have raised supply-chain concerns and fears of higher iPhone prices, <em>Reuters</em> reported last month.</p>.<p>The iPhone maker said most of its smartphones sold in the United States would originate from India in the June quarter.</p>
<p>US President <a href="https://www.deccanherald.com/tags/donald-trump">Donald Trump</a> said on Friday that Apple would have to pay a 25 per cent <a href="https://www.deccanherald.com/tags/tariffs">tariff </a>if phones sold in the country were not made within its borders.</p>.<p>Shares of Apple dropped 2.5 per cent in premarket trading on Trump's warning, dragging down US stock index futures lower.</p>.<p>"I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else," Trump said in a post on Truth Social.</p>.<p>"If that is not the case, a Tariff of at least 25 per cent must be paid by Apple to the US"</p>.Taliban in talks with Russia, China for trade transactions in local currencies.<p>It is not clear if Trump can levy a tariff on an individual company. Apple did not immediately respond to a <em>Reuters</em> request for comment.</p>.<p>Apple is positioning India as an alternative manufacturing base amid Trump's tariffs on China that have raised supply-chain concerns and fears of higher iPhone prices, <em>Reuters</em> reported last month.</p>.<p>The iPhone maker said most of its smartphones sold in the United States would originate from India in the June quarter.</p>