Trump threatens tariffs on Apple, European Union
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Apple has faced falling market share and declining sales amid tougher competition from local rivals like Xiaomi and Huawei.
Apple has temporarily increased its iPhone trade-in values in select countries, including the U.S., Canada, Australia, France, Germany, Italy,
It would take several years and cost billions of dollars to build plants in the United States to make iPhones here. If that happens, prices could skyrocket.
By Philip Blenkinsop, David Lawder and Stephanie van den Berg BRUSSELS/BANFF, Canada/THE HAGUE (Reuters) -U.S. President Donald Trump threatened on Friday to ratchet up his trade war again, pushing for a 50% tariff on European Union goods starting June 1 and warning Apple he may slap a 25% levy on all imported iPhones bought by U.