Trump, Apple and iPhone
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President Donald Trump said that the tariffs he threatened against Apple Inc. earlier Friday would also be aimed at a wider range of device makers, including Samsung Electronics Co., to spur them into moving manufacturing of their products to the US.
Big Technology’s Alex Kantrowitz, joins 'Closing Bell' to discuss how Trump's tariff announcements impact Apple, if Apple's stock is expensive, and much more.
It would take several years and cost billions of dollars to build new plants in the United States to manufacture iPhones in the United States. If that happens, prices could skyrocket.