Call from Donald Trump to Apple and Samsung: Either produce in the USA or pay 25 percent tax – Cyprus Newspaper
US President Donald Trump forces giant smartphone manufacturers such as Apple and Samsung to move their production into the country for the US market.
If this is not done, he warned that he will apply an import tax of 25 percent to his products. Trump shared this message on the Truth Social platform and said the rule should be valid for all companies.
Although Apple has shifted some of the iPhone production to India, about 90 percent of iPhones are still produced in China.
Samsung no longer produces telephone in China; It is produced in South Korea, Vietnam, India and Brazil.
It can cost 30 billion dollars
Experts say Trump’s demand is not realistic. Wedbush Securities Analyst Dan Ives said that only 10 percent of Apple’s supply chain to the United States will take three years and cost $ 30 billion.
It is stated that bringing all production to the USA can increase the price of an iPhone to $ 3,500; Because there is no low -cost supply chain in the United States as in Asia.
Even Steve Jobs said in 2010 that the US had not enough talented engineers to support such production.
Trump brought this idea to the agenda several times with Apple CEO Tim Cook. If 25 percent of customs duties enter into force, the prices of new iPhones may increase in this autumn.
