New tariffs imposed by the Trump administration on imported goods could trigger significant price hikes for US consumers, with popular products like Apple’s Chinese-made iPhones potentially seeing the steepest increases. A new calculation suggests that these tariffs could drive the price of a single iPhone to as much as $2,300, a sharp rise from its current cost. This increase is likely to impact not only Apple’s bottom line but also consumers who may be forced to absorb these higher costs. Analysts warn that this price surge could extend beyond smartphones, affecting a wide range of goods traditionally imported from China. As the US administration continues to ramp up tariffs, the ripple effects could be felt across the American economy, from electronics to everyday household items.
Donald Trump’s Tariffs Could Lead to Soaring Prices for US Consumers, iPhones at Risk
