President Trump has issued a stern warning to Apple, highlighting the potential for a 25% tariff on iPhones made outside of the United States. In a statement, Trump emphasized that he previously informed Apple CEO Tim Cook of his expectation for all iPhones sold in the U.S. to be domestically produced. As most iPhones are currently manufactured in China, with shifts beginning towards India, analysts suggest that moving production to the U.S. could raise iPhone prices to over $3,000. The legal rationale for this tariff is still not defined.