The AI-generated video of tired-looking Americans making mobile phones, which circulated widely on social media this week, was a pointed vision of a post-tariff world. But Donald Trump wants it to become reality for Apple. The iPhone maker is one of the biggest victims of the US president’s realignment of the global trading order because its flagship product is assembled in the epicentre of Trump’s protectionist ire – China. “The iPhone is a quintessential representative of a global supply chain,” says Fraser Johnson, a professor at Ivey Business School in Canada and an Apple supply chain expert. More than 1,000...