Shares in Apple’s Asian suppliers dropped Monday after President Donald Trump tweeted that the company should move production to the US.
The Cupertino, California, company makes most of its products — most notably, the iPhone — in China, but Trump says it could avoid tariffs by moving manufacturing back home.
“Apple prices may increase because of the massive Tariffs we may be imposing on China — but there is an easy solution where there would be ZERO tax, and indeed a tax incentive,” he tweeted early Saturday.
