Trump says a 25% tariff 'must be paid by Apple' on iPhones not made in the U.S.
1. Trump announces a potential 25% tariff on iPhones not made in the U.S. 2. Apple's stock fell over 2% in premarket trading due to tariff news. 3. iPhone production primarily occurs in China, with shifts to India ongoing. 4. Trump pressures Apple to manufacture iPhones domestically to avoid tariffs. 5. This news reflects tensions around U.S.-China trade relations.