Trump threatens Apple with tariffs, but U.S.-made iPhones are still a ‘fairy tale’ and would cost thousands of dollars

• President Donald Trump warned Apple on Friday that it would pay a 25% tariff on foreign-made products, sending shares down more than 2%. Apple has been shifting production toward India to get around tariffs on China, but analysts have estimated that producing iPhones in the U.S. would take years and boost the price tag sharply.

The threat of tariffs is back on the table for Apple as President Donald Trump pushes for more U.S. production, but the economics of making devices in America remain challenging.