A customer holds a newly purchased iPhone 7 smartphone at an Apple Inc. in San Francisco, California. (Photographer: Michael Short/Bloomberg)

Apple Drops After Trump Threatens Tariffs on iPhones From China

(Bloomberg) -- Apple Inc. fell in extended trading after President Donald Trump told the Wall Street Journal that U.S. tariffs could be placed on iPhones imported from China.

Trump also told the newspaper that he expects to move ahead with increasing duties on goods from China to 25 percent.

Apple fell 1.5 percent to $171.88 at 4:26 p.m. in New York following the Journal’s report on Trump’s remarks.

Apple Drops After Trump Threatens Tariffs on iPhones From China

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