President Trump has expanded proposed tariffs to include Samsung and other smartphone manufacturers, not just Apple. The move aims to pressure these companies to shift their production to the United States. Trump stated that applying tariffs solely to Apple would be unfair, hence the broadened scope. He suggested the tariffs, potentially as high as 25%, could be implemented by the end of June.
This development follows reports that Apple is considering increasing iPhone production in India, a move Trump seemingly wants to discourage. He has publicly stated his preference for Apple to manufacture within the US, echoing similar sentiments shared with Apple CEO Tim Cook. Samsung, like Apple, primarily manufactures its devices outside the US, with significant production in countries like Vietnam and India.
These proposed tariffs could significantly impact the smartphone market in the US, where Apple and Samsung hold a dominant share. Analysts estimate that Apple could incur significant additional costs due to these tariffs, potentially affecting consumer prices and the company's profitability.
