Trump advisor Kevin Hassett has played down the "tiny little tariff" on firms such as Apple and strangely insists consumers won't pay more for iPhones.

Amid Apple Inc.’s (AAPL) efforts to diversify its production base due to President Donald Trump’s punitive China tariffs, U.S.-bound iPhone shipments from India jumped in April. CNBC reported that in April,

Apple Inc. (NASDAQ:AAPL) isn't a company usually associated with national security, but it is in the crosshairs of President Donald Trump, now an expert has given his take on the situation.What Happened: On Friday,

Donald Trump threatened Apple with a 25% tariff on iPhones made outside the U.S., reportedly triggered by Tim Cook's absence from Trump's Middle East trip. Trump publicly acknowledged Nvidia's CEO Jensen Huang's presence while pointedly noting Cook's absence.

Key Takeaways Apple shares fell sharply to close out last week after President Trump threatened to impose hefty tariffs on the company if it doesn't manufacture iPhones in the U.S.The stock has closed lower for eight consecutive sessions and has lost 22% of its value since the start of the year,