"I expect iPhones that will be sold in the United States of America will be manufactured and built in the U.S."

Apple Inc. faces a potential 25% tariff on iPhones made outside the U.S., directly threatened by President Trump. The company’s shift to India and Vietnam was meant to reduce China risk, but it’s now clashing with U.S. political pressure.

The president threatened both Apple and the European Union with higher tariffs on Friday, saying trade talks with the Europeans had stalled.