Tariffs will take a $900 million bite out of Apple next quarter, says Tim Cook Written by Adrian Kingsley-Hughes, Senior Contributing Editor May 2, 2025 at 7:48 a.m. PT Reviewed by Elyse Betters ...

President Donald Trump on Friday threatened a 25% tariff on Apple products unless iPhones are made in U.S. as well a 50% tax on all imports from the European Union.

President Donald Trump’s swipes at Apple aren’t just bruising the company’s bottom line — they may also be taking a bite out of your 401(k).