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U.S. President Donald Trump announced on Sunday that a group of prominent American business leaders, including Lachlan Murdoch, Larry Ellison, and Michael Dell, would invest in a proposed deal for TikTok. The deal aims to keep the popular social media app running in the United States by transferring its American assets from its Chinese parent company, ByteDance, to U.S. ownership.

US President Donald Trump warned Apple CEO Tim Cook that tariffs of upto 25% might be levied on Iphones manufactured outside the U.S, in an aim to curb Apple’s manufacturing unit’s expansion into India. Trump’s May 2025 Truth Social post stated, “I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else.”

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