Apple Inc. shares are coming off their longest selloff in more than three years, as escalating attacks from the White House threaten to further erode the company’s profit outlook, suggesting the stock’s struggles this year are far from over.

On May 23, Trump said Apple should make iPhones in the United States if it wanted to avoid a 25 percent import tariff on devices manufactured abroad. He told Apple CEO Tim Cook that only domestically produced iPhones should avoid levies, explicitly calling out the company's increased reliance on Indian manufacturing.

The escalating trade tensions initiated by President Trump have placed Apple in a challenging position. With the threat of a 25% tariff on iPhones, the tech giant faces potential disruptions in operations and profitability.

Apple shares fell 3% Friday after President Donald Trump threatened the tech giant with a 25% tariff if it does not start producing iPhones in the U.S. — his latest salvo directly targeting a U.S. company over how it conducts its business.

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

Trump's proposed 25% tariffs on Apple products made outside the US could erode gross margins by up to 490bps, invalidating my earlier margin expansion thesis. iPhone 16 Plus adoption rates are underperforming vs prior series,

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

The twin threats, delivered via social media, roiled global markets after weeks of de-escalation had provided some reprieve.

Stocks closed down on Friday after President Donald Trump threatened new tariffs targeting tech giant Apple and the European Union. The Dow Jones Industrial Average closed down 256 points, or 0.6%, while the S &P 500 declined 0.6%. The tech-heavy Nasdaq fell 1%.

Related: Trump delivers another huge tariff surprise He’s also been going after one particular business pretty hard: Apple. The president is very committed to convincing Apple to manufacture iPhones in the United States,