Will iPhones cost more because of Trump’s tariffs on China?
President Trump announced plans to raise import taxes on China to 125%, causing tech companies to scramble to mitigate the impact on prices.
The move could lead to price hikes for consumer electronics as companies pass on the extra costs.
Apple, heavily reliant on Chinese manufacturing, faces significant challenges as tariffs could increase the price of its products by up to 56%.
Dell Technologies and HP are also expected to be affected by the escalating trade tensions between the U.S. and China.
Apple chartered cargo jets to fly 1.5 million iPhones from India to the US to beat the tariff deadline.
Porsche warned that its first-quarter results would be impacted by higher inventory shipped to the US. Tech firms have also pushed suppliers to step up product shipments before tariffs took hold.
https://platform.twitter.com/widgets.jsiPhones could soon cost up to $2,300 in the U.S. due to tariffs 😳
— Apple Hub (@theapplehub) April 4, 2025
iPhone prices could rise by 43%, meaning the base iPhone 16 model could start at $1,142 and the most expensive iPhone 16 Pro Max model could cost up to $2,300
Source: @Reuters pic.twitter.com/Eu4oeqYEpp
