Trump threatens 25% tariff on Apple and Samsung phones not made in US

Donald Trump has escalated pressure on Apple to manufacture iPhones in the U.S., threatening a 25% tariff if the company fails to comply. Apple's shares dropped nearly 3%, valuing the company just below $3 trillion. Trump also announced potential tariffs on Samsung and other manufacturers, though exemptions were made for smartphones. Meanwhile, analysts warn that moving production to the U.S. would be prohibitively expensive due to a lack of infrastructure and workforce in China.