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Bloomberg Technology

Trump Threatens 25% Tariffs on Apple

Bloomberg Technology

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 23 May 2025

⏱️ 24 minutes

🧾️ Download transcript

Summary

Bloomberg’s Caroline Hyde discusses President Trump's threat to place a 25% tariff on Apple if it doesn't move iPhone production to the U.S. Plus, Andrew Ng, co-founder of Coursera and AI investor, discusses the skills shortage in advanced manufacturing that makes building iPhones and other tech in the US difficult. And the IPO market begins to heat up, spurring hope for tech startups and their investors.

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Transcript

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0:00.0

You're listening to an IHeart podcast.

0:05.0

The data that matters for your investment.

0:07.8

Single stock volumes, really surge, and analysis on the company's making news on Wall Street.

0:13.1

Super Micro is catching our eyes.

0:15.2

Take a quick look at crypto stocks.

0:16.8

Listen to the stock movers report from Bloomberg.

0:19.7

A big bounce in the market today.

0:21.5

We're on a brutal three-day stretch.

0:23.5

It's your short audio report on the day's winners and losers in the stock market.

0:27.5

The highest intraday jump since 2020.

0:29.8

Subscribe to the Stockmovers report on Apple Podcasts, Spotify, or wherever you listen.

0:35.8

From the heart of where innovation, money, and power collide.

0:40.8

In Silicon Valley and beyond, this is Bloomberg Technology with Caroline Hyde and Ed Ludlow.

0:48.3

Thank you. Live from New York, this is Bloomberg Technology, and we get straight to our top story.

1:06.7

President Trump taking aim at Apple yet again, threatening a 25% tariff on the iPhone maker

1:12.6

if they don't produce the devices in the United States for US consumers.

1:18.0

Shares as you'll see down yet another 2.7%.

1:20.5

We're dropping below that $3 trillion market capitalization, and we're bringing the analysis.

1:25.8

Bloomberg's Mike Shepard joins us.

1:32.3

We have seen Tim Cook in the line of fire from Donald Trump for at least a week now. How does he respond, Mike?

1:34.3

Well, this is a tough one for him, Carol, because the president's dander really is up here.

1:40.3

Last week he singled him out during an appearance with reporters while he was traveling

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