Despite a US trade court ruling that Trump's "reciprocal" tariffs are illegal, Apple investors have unexpectedly failed to react to the news, likely assuming there is more chaos to come.

Apple increased its exports of iPhones from India to the United States in April, with industry data showing a 76 percent increase compared to previous months. The jump came amid President Donald Trump's threats of a 25 percent tariff on iPhones made outside the U.

Price increases are becoming the norm amid Trump's tariff policies, even as the president clashes with companies like Apple and Walmart.

A U.S. trade court ruled that President Trump's "Liberation Day" tariffs were illegal on Wednesday, but the administration has been granted a temporary stay until arguments are filed.

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.

Trump threatens 25% tariff on Apple, other tech giants if they don't start making devices in America

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

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

President Donald Trump said that the tariffs he threatened against Apple Inc. earlier Friday would also be aimed at a wider range of device makers, including Samsung Electronics Co., to spur them into moving manufacturing of their products to the US.

A federal court struck down President Trump's tariffs on China, Apple and most of the world, but it may be temporary. S&P 500 futures rose.