Investing.com -- U.S. President Donald Trump announced on Friday that the 25% tariff he plans to impose on Apple (NASDAQ:AAPL) will also apply to Samsung (KS:005930) and other smartphone manufacturers. The announcement was made during a conversation with reporters in the Oval Office.
he tariff on Apple was first disclosed on Truth Social. There was no mention of Samsung in the initial post, leading reporters to inquire further.
In response to a question from a reporter about the intended tariff on Apple, and whether he had the authority to impose a tariff on a single company, Trump clarified that the tariff would apply to Samsung and any other company manufacturing similar products, to ensure fairness.
The President further explained that the tariff would take effect at the end of June. He reiterated that companies manufacturing their products in the U.S. would not be subject to the tariff.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.