iPhone 17 Pro predicted to cost over $2000 because of Trump tariffs
Apple’s iconic iPhone may soon cost you about double what it costs now, as analysts predict a 43% price increase in response to U.S. tariffs on imports from China and elsewhere in the world.
On April 2, or “Liberation Day” as President Trump called it, a new assortment of “reciprocal” tariffs was applied against every foreign country in the Apple supply chain. While there’s a minimum 10% tariff on all goods coming into the United States, imports from China were hit with a 54% tariff.
Unsurprisingly, Apple’s stock price suffered, as it took a dive of more than 9% in the period immediately following the announcement of Trump’s tariffs. The iPhone maker was previously able to negotiate a tariff exemption during President Trump’s first term in office, but it looks like that won’t happen this time around.
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Source: AppleInsider News
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