White House advisor says Trump doesn't want to harm Apple as iPhones manufactured in China and India will be subject to a 25% tariff.

President Donald Trump took aim at Apple recently, threatening it with a 25% tariff on all iPhones made outside the US, which just added more fuel to fire over potential price hikes for the rumored iPhone 17.

Shortened trading week to feature inflation data, Nvidia earnings, political are fights brewing this summer, Musk is back at Tesla, and more news to start your day.

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,

President Donald Trump ramped up his clashes with companies over their reactions to his contentious tariff agenda in the past few weeks. For starters, he demanded that Walmart eat the cost of the new import taxes after the company said its prices would go up by the summer because of his import taxes.

In a recent podcast, the founder of the Steve Madden shoe brand also criticized arguments that the U.S. has been losing jobs to China