President Donald Trump doesn’t seem to have given up on the dream of a “Made in USA” iPhone. That’s a major problem for Apple as it looks to avoid being hit by tariffs, while also avoiding the ruinous costs of an American-manufactured smartphone.

To Apple investors, President Trump is all bark and no bite, at least when it comes to the shade he threw towards Tim Cook earlier today. Apple shares only slightly underperformed the market after the President,

Tim Cook, who joined Apple in 1998, transformed the company into a $3 trillion giant. As of 2025, his net worth is estimated at $1.9 billion, primarily from Apple stock. Despite his wealth, Cook maintains a low profile,