President Trump on Friday said that Apple will face a minimum tariff of 25% if it does not manufacture iPhones that are sold in the U.S.

"I have long ago informed Tim Cook of Apple 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 posted on Truth Social on Friday. "If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S. Thank your for your attention to this matter!"