07:30 AM EDT, 05/23/2025 (MT Newswires) -- President Donald Trump said Friday that Apple ( AAPL ) will be hit with a tariff of at least 25% if iPhone production is not moved to the US.

"I have long ago informed Tim Cook of Apple ( AAPL ) that I expect their iPhone's that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else," Trump said in a Truth Social post. "If that is not the case, a Tariff of at least 25% must be paid by Apple ( AAPL ) to the U.S. Thank you for your attention to this matter!"

Apple ( AAPL ) did not immediately reply to a request for comment from MT Newswires.

Apple ( AAPL ) shares were 2.9% lower in premarket trading.