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Wall Street opened in green on Monday, with investors showing

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Wall Street opened in green on Monday, with investors showing signs of relief as tensions between Israel and Iran appeared to ease slightly. Nasdaq composite jumped 1.04% or 201.23 points

British luxury carmaker Jaguar Land Rover (JLR) sharply lowered its earnings outlook for the next financial year, citing growing uncertainty in the global automotive market and new US tariffs that

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Trump tariff Apple iPhones not made in the U.S.

Word Count: 151 | Estimated Reading Time: 1 minute


US President Donald Trump (r) and Apple CEO Tim Cook speak to the press during a tour of the Flextronics computer manufacturing facility where Apple’s Mac Pros are assembled in Austin, Texas, on November 20, 2019.

Mandel Ngan | AFP | Getty Images

President Donald Trump said in a social media post Friday morning that Apple will have to pay a tariff of 25% or more for iPhones made outside the United States.

“I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else. If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.,” Trump said on Truth Social.

Shares of Apple fell more than 2% in premarket trading.

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