President Donald Trump is threatening to impose a 25% tariff on smartphones manufactured overseas, specifically targeting companies like Apple. Trump called out Apple CEO Tim Cook on Truth Social.

Trump threatens 25% tariff on Apple, other tech giants if they don't start making devices in America

President Donald Trump's second-term economic plan can be summed up in one word: tariffs. When his barrage of these import taxes went into overdrive a month ago, markets trembled, and business leaders sounded alarms about the economic damage they would cause.

Apple increased its exports of iPhones from India to the United States in April, with industry data showing a 76 percent increase compared to previous months. The jump came amid President Donald Trump's threats of a 25 percent tariff on iPhones made outside the U.

A federal appeals court on Thursday granted the Trump administration's request for a stay of a Wednesday ruling that President Donald Trump overstepped his authority in imposing reciprocal tariffs announced on April 2 and earlier tariffs aimed at China,

The twin threats, delivered via social media, roiled global markets after weeks of de-escalation had provided some reprieve.

Stock markets declined after the president’s early-morning threats of 25 percent import taxes on iPhones and 50 percent on goods from Europe.

A federal court has ruled that President Donald Trump exceeded his authority in attempting to impose sweeping tariffs on imported goods,