Apple Inc.’s shares plunged 4% to a low of $193.46 on Friday after US President Donald Trump threatened to impose a new 25% levy on the iPhone maker if it continues manufacturing devices outside the United States.The warning came amid escalating trade tensions, as Trump also proposed a sweeping 50% tariff on goods from the European Union.
The announcement, made via a series of posts on Trump’s Truth Social platform , rattled investor confidence and triggered a broad sell-off on Wall street. ‘ I am recommending a straight on june 1, 2025’ Trump stated, expressing frustration with ongoing trade negotiations with the bloc, which he claimed are going nowhere.”
Major technology stocks included Microsoft, NVIDIA, amazon , alphabet and also registered losses of up to 2 percent in early trade.
A reuters report noted that if enacted , the proposed traiffs woul significantly elevate the current 10% levy on imported products and intensify economic frictions between the US and the EU- its largest trading partners.
In a separate message , Trump criticized Apple for failing to shift iPHONE production to the US despite his prior requests.
