Apple's stock falls after Trump has urged the iPhone maker to manufacture its products in the United States.

Alex Brandon | AP

Tim Cook, President and CEO of Apple, speaks to President Donald Trump at a US Technology Council Roundtable in the White House Dining Room on Monday, June 19, 2017. Washington.

The comment came a day after the company's letter to US Trade Representative Robert Lighthizer revealed that Trump's proposed $ 200 billion worth of Chinese products will affect Apple Watch, AirPods, Mac mini and Apple Pencil. .

As a result, analysts, including Wamsi Mohan of Bank of America Merrill and Gene Munster of Loup Ventures, analyzed the potential negative impact for Apple of Trump's proposed tariffs on China.

Apple stocks fell 1.6 percent on Monday after reports.

Mohan also said that Apple could respond to President Trump's pressure by asking its partners to set up iPhone assembly operations in the United States, which would result in higher prices from the iPhone.

"The conclusion was that moving the production (100% of the final assembly) to the US for the iPhone (which is not currently affected by tariffs) would require 20% increases to offset the costs. additional wages ".

Apple's shares rose 31 percent this year compared to Friday, versus 7 percent for the S & P 500.

Last month, Apple became the first publicly traded US company to reach $ 1 trillion.

The company did not respond to a request for comment.