Shares in China-listed Apple suppliers fall after Trump's tariff threats

SHANGHAI, May 26 ((Reuters): China-listed Apple supplier stocks lost ground on Monday after US President Donald Trump threatened tariffs on imported iPhones.
Shares in Luxshare, which assembles iPhones and makes AirPods, fell 2.2 per cent while Chinese mobile screen maker Lens Tech lost 1.8 per cent. Airpod maker Goertek declined 1.1 per cent.
Trump threatened on Friday to ratchet up his trade war again, warning Apple he may slap a 25 per cent levy on any iPhones sold, but not made, in the US as part of his administration's goal of re-shoring jobs.
His threat, along with a second that pushed for a 50 per cent tariff on starting June 1, has raised fears that the trade war that the US is waging could intensify again after weeks of de-escalation.
The White House paused most of the punishing tariffs Trump announced in early April against nearly every country in the world after investors furiously sold off US assets including government bonds and the US dollar. Trump left in place a 10 per cent baseline tax on most imports, and later reduced his massive 145 per cent tax on Chinese goods to 30 per cent.
Apple is speeding up plans to make most iPhones sold in the United States at factories in India by the end of 2026 to tariffs in China.
But the odds on moving production to the US are . Commerce Secretary Howard Lutnick told CBS last month that the work of "millions and millions of human beings screwing in little, little screws to make iPhones" would come to the United States and be automated, creating jobs for skilled trade workers such as mechanics and electricians.
But he later told CNBC that Cook told him that doing so requires technology not yet available.