How is Apple impacted by tariffs?

Yeah, I mean, look, when the original Liberation Day tariffs were announced, Apple was kind of seen as a sitting duck, right? I mean, Trump went hard after China, raising the tariffs eventually to 145%.

And that really was going to impact Apple.

They sourced many of their products from China.

They got an exemption for their iPhones, a multitude of their products.

At the same time, they were moving some of the manufacturing for U.S.-bound products to India.

Turns out President Trump didn't like that, and so he called for 25 percent tariffs on iPhones, as well as Samsung devices, if the company doesn't start creating or building iPhones in the U.S. probably not going to happen.

What's the assessment on that front?