President Trump said he would impose steep tariff on Apple unless company starts manufacturing some iPhones in the U.S.

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

"I expect iPhones that will be sold in the United States of America will be manufactured and built in the U.S."

Trump has repeatedly called on Apple to move manufacturing to US from China, but the company shifted production for more than half its phones to India

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.

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

President Donald Trump on Friday threatened 25% tariffs on Apple unless the company shifts iPhonemanufacturing to the United States, saying he disapproves of the company's decision to move part of its supply chain to India.

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 on Friday threatened a 50% tax on all imports from the European Union as well a 25% tariff on Apple products unless iPhones are made in America. The threats, delivered over social media,

Stocks tumbled in early trading on Friday after President Donald Trump threatened new tariffs targeting tech giant Apple and the European Union. The Dow Jones Industrial Average dropped 458 points, or 1.