In a Truth Social post on April 9, Trump said: “This is a GREAT time to move your COMPANY into the United States of America, like Apple, and so many others, in record numbers, are doing. ZERO TARIFFS, and almost immediate Electrical/Energy hook ups and approvals. No Environmental Delays. DON’T WAIT, DO IT NOW!”

Consumer fears grew that the price of Chinese-made goods like iPhones could skyrocket following Trump’s harsh tariffs on the country.

That means they won’t be subject to the current 145% tariffs levied on China or the 10% baseline tariffs elsewhere.