US President Donald Trump’s announced 25% tariff on smartphones manufactured outside the US has once again ruffled the feathers of markets, especially for Apple and Samsung Electronics, which will be caught in its direct crosshairs. The move, set to be enforced from late June 2025, is intended to pressure companies to shift their production to American soil, another attempt to fulfill Trump’s long-standing campaign promise.
Samsung’s impossible choice: absorb 25% tariff hit or price out US customers
27
May