article line

preCharge News BUSINESS — Shares of Apple fell more than 2% on Friday after Trump took to Truth Social to announce that a 25% tariff “must be paid by Apple” on iPhones sold but not made in the U.S.

Apple’s move lower on Friday brought its market capitalization back below the $3 trillion level. It had last closed below that level on May 9.

Microsoft and Nvidia remain in the above $3 trillion market capitalization club.