Trump told reporters later on Friday that the 25% tariff would also apply to Samsung 005930.KS and other smartphone makers.

Since what Trump touted as "Liberation Day," the iPhone and how tariffs might affect its price have been main focal points when it comes to this administration's policies and pron

Stocks slumped on Friday after President Trump lobbed new tariff threats at the EU and Apple, reviving the trade anxiety that had gradually subsided over the past month.

A 50 percent tax on European imports would hit the continent hard, hurt the U.S. economy and slow growth globally.

Stock markets declined after the president’s early-morning threats of 25 percent import taxes on iPhones and 50 percent on goods from Europe.

Bitcoin faces selling pressure after Trump’s EU tariff warning, with price breaking key support and technicals signaling volatility near $107K.

The markets closed lower Friday after President Trump threatened to impose a 25% tariff on Apple and 50% tariff on the European Union.

President Donald Trump launched a pair of fresh tariff threats via social media Friday, signaling a new 50% trade levy on import goods from the European Union could be assessed in a matter of days and a tariff of “at least 25%” on Apple iPhones manufactured outside the U.S. may also be in the works.

President Trump says he'll impose a 25% tariff on iPhones, unless Apple starts making them in the U.S. CBS News' Bradley Blackburn reports.