After threatening Apple with 25% tariffs for iPhones not made in the US, the White House has extended that to all smartphones.
6 minutes ago
The White House just threatened Apple with 25% tariffs over plans to build iPhones in India.
At the time, it was unclear if this was only targeted at Apple, or if the rule would impact smartphones at large.
Now the administration confirms its intent to be “fair” by similarly penalizing Samsung and other manufacturers.
The current US administration is hell-bent on changing the face of global manufacturing, and has committed to the universally derided practice of issuing tariffs to effect its goal.
