It would be more financially viable for Apple to absorb a 25% import tariff on iPhones sold in the United States than to relocate its

Apple stock was dropping on Friday after President Donald Trump threatened a 25% tariff on its iPhones sold in the U.S. unless they are made in the U.S.

The president threatened both Apple and the European Union with higher tariffs on social media Friday morning, saying that trade talks with the Europeans had stalled.