Trump says a 25% tariff “must be paid by Apple” on iPhones not made in the US, says he told Tim Cook long ago that iPhones sold in the US must be made in the US

cnbc.com/2025/05/23/apple-raises-trade-in-prices-for-iphones-in-china-as-amid-competition.html

Apple on Friday raised the amount of money people can get off their next iPhone in China by trading in their old device, rolling out further incentives to spur demand in a crucial market.
The iPhone 15 Pro Max now has a trade-in value of up to 5,700 Chinese yuan ($791), an increase from…

This story appeared on cnbc.com, 2025-05-23 00:00:00.
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