Apple Inc. has become a frequent target for attacks by President Donald Trump, a factor that has held the stock back as other big tech companies have rebounded over the past month.

Trump's threat came after he asked Cook to stop making the popular phones in India and pivot to U.S. production instead.

Even with a 25% tariff, the numbers still favor India. A $1,000 iPhone made in India would incur a $250 tariff. Add that to the $30 assembly cost, and the total is $280—still far cheaper than U.S. assembly alone.

Apple previously said in February it would spend $500 billion to expand many of its operations in the U.S., including assembling AI servers in Houston.

In another sign of Apple’s growing political power, Donald Trump tweeted that he had personally discussed this all with CEO Tim Cook. This followed a 90-day suspension of tariffs agreed upon by the United States and China.