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Tim Cook expected at White House event, Apple ‘largely unaffected’ by India tariffs

Two quick updates to a couple of stories from this morning involving Apple, the Trump administration, and increased India tariffs. First, CNBC reports that the $100 billion U.S. investment increase (over four years) announcement is currently scheduled for 4:30 ET today. Apple CEO Tim Cook is expected to appear alongside President Trump at what is said to be a televised event out of the Oval Office at the White House. It’s no coincidence that Apple will reportedly be “largely unaffected” by the

Here’s how India tariffs could affect Apple and iPhone production

Shifting final assembly of Apple products like iPhone from China to India has helped Apple avoid costly tariffs in the United States. But what happens when the US imposes similar tariffs in India to those seen in China? While the risk is present, analyst Gene Munster doesn’t see it as catastrophic for the cost of the iPhone. Munster set the stage this week for the situation as it develops: This morning on Squawk Box, President Trump suggested tariffs on India may be going up soon. He commented

Charter Planes and Bidding Wars: How Bitcoin Miners Raced to Beat Trump’s Tariffs

Twelve minutes after midnight on April 8, a Boeing 777-300ER barreled down a runway at Singapore Changi Airport. In its belly, it carried precious cargo: 3,000 kilograms of specialized bitcoin mining equipment bound urgently for New York. As the plane took to the sky, staff at US-based Luxor Technology could begin to relax. The company, which trades bitcoin mining hardware and provides related software services, was importing the equipment on behalf of a client. The flight’s departure from Sing

US iPhones: ‘Made in India’, built in China

Apple may say that most iPhones sold in the U.S. are now assembled in India, but that doesn’t necessarily mean Apple has reduced its reliance on China. Patrick McGee, who literally wrote the book on Apple in China, explains. For the last two quarters, Apple CEO Tim Cook has noted that iPhones sold in the U.S. are sourced from India. The move, of course, allows Apple to avoid those pesky Trump tariffs on products exported from China and sold in the United States. Responding to a technically tru

That One Fujifilm Camera Everybody Badly Wants Now Costs Way More

The bleachers filled with Fuji fans have every reason to jeer at the current state of cameras. While camera geeks sit on the sidelines, waiting for one of the most hyped cameras today—the Fujifilm X100VI—to return to store shelves, tariff woes are here to hit them with another punch in the gut. The camera made famous by TikTok stars and Instagram aficionados now costs $200 more than before in the U.S., making an already expensive camera even more pricey. The entire X-series of cameras, includin

A Side Effect of Trump's Tariffs: Making Ozempic Way More Expensive

President Donald Trump's new European tariffs may spell bad news for Novo Nordisk, maker of Ozempic and Wegovy. As Axios reports, the 15 percent tariffs he's levying on goods imported into the United States from the European Union are likely to drive up already-expensive drug prices for the blockbuster weight loss jabs, which can already cost more than $1,300 per month's supply without insurance. Slated to go into effect on August 7, this new agreement doesn't just target pharmaceuticals. Stil

Fujifilm is raising camera prices by up to $800

Fujifilm has raised prices on cameras and lenses across its lineup, with price hikes reaching into the hundreds of dollars. Among the hikes is an increase to the price of Fuji’s ultra-popular X100VI from $1,599 to $1,799. The capable X-T5 has gone from $1,699 to $1,899. And the already very expensive GFX100 II has gone from $7,499 to $8,299 — an $800 increase. Increases to lens prices appear to be somewhat more modest, with bumps in the $50 to $150 range. The price hikes come as President Donal

Why Nintendo didn’t raise the price of the Switch 2 (yet)

Just about every piece of hardware that Nintendo sells is getting a little more expensive in the US — with the exception of the Switch 2. That includes all models of the original Switch, a bunch of accessories, and even a motion-activated alarm clock. The changes were made ahead of sweeping Trump administration tariffs that are scheduled to go into effect in August, and they show Nintendo is leaning on a strategy that it has employed across its business: largely avoiding risk. Raising the price

Nintendo raising original Switch console prices due to ‘market conditions’

Nintendo is raising the prices of its original Nintendo Switch game consoles, the company announced on Friday. The price increases, which are taking effect on August 3, are due to “market conditions,” Nintendo says. The company’s reference to “market conditions” likely hints at President Donald Trump’s tariffs. The affected products include the Nintendo Switch – OLED Model, Nintendo Switch, Nintendo Switch Lite, and select Nintendo Switch accessories. Other Nintendo products, including certain

Apple's tariff costs and iPhone sales are soaring - how long until device prices are too?

Elyse Betters Picaro / ZDNET ZDNET's key takeaways Tariffs cost Apple approximately $800 million last quarter. That bill will go up to about $1.1 billion this quarter. Apple says 1 in 10 iPhone sales in April were due to tariff fears. Apple earnings calls usually have a theme, and there's usually a word associated with that theme that ends up being repeated many times throughout the call. During yesterday's call, the theme and repeated word was "tariffs." iPhone sales were up Because of

Apple projects tariff costs will hit $1.1B next quarter

Tariffs are projected to cost Apple $1.1 billion in the July-to-September quarter, an uptick from the previous period, CEO Tim Cook said during the company’s earnings call with investors Thursday. Those cost projections, which are based on current rates and policies, could end up lower than expected as they did in the previous quarter. Apple incurred about $800 million of tariff-related costs for the June quarter, less than the $900 million estimate the company shared in May. Cook said most of

Apple says tariffs added $800M in costs last quarter, expects over $1B hit in Q4

As part of the ongoing Q3 2025 earnings call, Apple CEO Tim Cook gave an update on how the U.S. tariff war is affecting the company’s business, and detailed what to expect during the next fiscal quarter if nothing changes. On the conference call, Cook said: “For the June quarter, we incurred approximately $800 million of tariff-related costs. For the September quarter, assuming the current global tariff rates, policies, and applications the balance of the quarter, and no new tariffs are adde

Apple stock gets a cautious boost after beating Q3 expectations

Apple shares are up around 3% in after-hours trading, following the company’s fiscal Q3 2025 earnings report, which topped Wall Street expectations. Wall Street cautiously optimistic on strong earnings A few moments ago, Apple posted $94.04 billion in revenue for the June quarter, up 10% year over year, and ahead of what analysts had projected. Still, the market response has been measured, with shares up around 3% after hours. This could suggest investors had largely anticipated a strong quar

Apple says Trump’s tariffs are adding another $1 billion to its costs

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. Apple is spending a lot on President Donald Trump’s tariffs. During an earnings call on Thursday, Apple CEO Tim Cook said the duties could add $1.1 billion to its costs during the September quarter. Cook says Apple has already spent around $800 million during t

Most US iPhones are now made in India as Apple responds to tariffs

Most US iPhones are now made in India rather than China, as Apple rejigs its supply chain to avoid tariffs on products imported into America from China. The strategy will certainly be of significant help to Apple at present, but there are two reasons why this could prove to be only a temporary solution … Apple getting closer to its long-term goal The vast majority of iPhones are still assembled in China, but Apple has for many years been working on boosting the number of phones made in other

Trump Ends Tariff Exemption for Small Packages

US President Donald Trump just dealt another blow to the embattled ecommerce industry, which is still reeling from sweeping tariffs Trump announced in the spring. On Wednesday, Trump signed an executive order widening the impact of those tariffs and making it more expensive for Americans to buy foreign products on sites like eBay, Etsy, and Amazon. The order eliminates the so-called “de minimis” provision, a long-standing policy that allowed people in the US to import packages valued at less th

Brace for the Most Expensive Coffee Yet, as Trump’s Tariffs Mix With the Climate Crisis

Eight years ago, when Debbie Wei Mullin founded her company Copper Cow, she wanted to bring Vietnamese coffee into the mainstream. Vietnam, the world’s second-largest exporter of coffee, is known for growing robusta beans. Earthier and more bitter than the arabica beans grown in Brazil, Colombia, and other coffee-growing regions near the Equator, robusta beans are often thought of as producing lower-quality coffee. In an effort to rebrand robusta, Mullin signed deals with coffee farming cooper

Josh Hawley Wants to Send Out Rebate Checks So Americans Can ‘Benefit’ From Trump’s Tariffs

President Trump’s tariffs have generated around 20 billion dollars in revenue for the U.S. government, although it’s worth noting that a vast majority of this wealth has been derived from import duties on American businesses. In other words, Americans are paying the federal government (many critics have noted that tariffs are just taxes by another name) for the pleasure of doing business with foreign exporters. For the fiscally confused, the New York Times recently wrote an explainer on tariffs

Tesla’s Nightmare Continues as Musk Warns of ‘Rough Quarters’ Ahead

Tesla’s second-quarter earnings paint a grim picture: falling profits, slumping sales, and a reputation hit that keeps on hurting. The all-electric carmaker reported net income of $1.17 billion, down 16.3% from the same period in 2024. Revenue fell 12% to $22.5 billion from $25.5 billion a year earlier, marking Tesla’s second consecutive quarter of declining profits and revenue this year. The cause is clear: Tesla is selling fewer cars and cutting prices to chase demand. Deliveries fell 13.5%

Tesla’s Nightmare Continues As Musk Warns of “Rough Quarters”Ahead

Tesla’s second-quarter earnings paint a grim picture: falling profits, slumping sales, and a reputation hit that keeps on hurting. The all-electric carmaker reported net income of $1.17 billion, down 16.3% from the same period in 2024. Revenue fell 12% to $22.5 billion from $25.5 billion a year earlier, marking Tesla’s second consecutive quarter of declining profits and revenue this year. The cause is clear: Tesla is selling fewer cars and cutting prices to chase demand. Deliveries fell 13.5%

Ars Live: Consumer tech firms stuck scrambling ahead of looming chip tariffs

We're roughly six months into Donald Trump's trade war, and tech firms remain in a fog, unsure what tariffs or retaliations could be coming next. To shed light on this struggle, we invite you to join us for an Ars Live talk at 1 pm ET on Thursday, July 24, with Consumer Technology Association (CTA) Vice President of International Trade Edward Brzytwa. We'll be discussing how tech firms are responding to tariffs so far and how looming chip tariffs could pose the biggest hurdle yet in sourcing al

Trump’s Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them

Cantor Fitzgerald, a financial services company led by the sons of US Commerce Secretary Howard Lutnick, is creating a way for investors to bet that President Donald Trump’s signature tariffs will be struck down in court. Traders at the firm’s investment banking subsidiary, Cantor Fitzgerald & Co., say they have the capacity to buy the rights to hundreds of millions of dollars in potential refunds from companies who have paid Trump’s tariffs, according to documents viewed by WIRED. Lutnick ran

Here Comes the Pain From Trump’s Tariffs

As Donald Trump has given the automotive industry whiplash with his tariffs, which have, at different periods, applied to cars and car parts or haven’t applied at all. While it was hard to tell how the import tax would hit auto manufacturers, the impact is starting to look more concrete, and it ain’t pretty. As CNBC notes, Stellantis, the maker of Jeep, Dodge, Fiat, Chrysler, and Peugeot, warned on Monday that it’s expecting to lose about $2.6 billion this quarter due to Trump’s tariffs, accordi

Trump's Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them

Cantor Fitzgerald, a financial services company led by the sons of US Commerce Secretary Howard Lutnick, is creating a way for investors to bet that President Donald Trump’s signature tariffs will be struck down in court. Traders at the firm’s investment banking subsidiary, Cantor Fitzgerald & Co., say they have the capacity to buy the rights to hundreds of millions of dollars in potential refunds from companies who have paid Trump’s tariffs, according to documents viewed by WIRED. Lutnick ran

Yes, the iPhone 17 Could Cost $2,400 With Tariffs. But Here's Why This Expert Says It's Unlikely

With President Donald Trump threatening a higher 25% tariff rate for items produced in South Korea and Japan -- two major US tech suppliers -- you might be wondering if the rumored iPhone 17 or other Apple devices like MacBooks or AirPods will cost more soon. The answer is... maybe. But tariffs aren't the only culprit. After Apple's initial attempts to avoid the tariffs on iPhones, which have been primarily produced in China, Trump threatened Apple and other manufacturers with a 25% tariff for

Tariff Troubles Ahead: Auto Experts Advice on Rising EV and Car Prices

It's not just iPhones and TVs that might cost more. President Donald Trump's tariff policies might be driving up the cost of electric vehicles and combustion cars, too. EVs, in fact, might be especially vulnerable to the new tariffs that target China (a major exporter of critical metals) and the steel industry. China already has a near monopoly on critical minerals and rare earth metals used to manufacture cars, and these tariffs have given China a reason to use that as leverage over the US. Th

Your Next Car Might Cost More: Industry Insiders Explain Tariff-Driven Price Increases and How to Offset Costs

It's not just iPhones and TVs. President Donald Trump's tariff policies might be driving up the cost of electric vehicles and combustion cars, too. EVs, in fact, might be especially vulnerable to the new tariffs that target China (a major exporter of critical metals) and the steel industry. China already has a near monopoly on critical minerals and rare earth metals used to manufacture cars, and these tariffs have given China reason to use that as leverage over the United States. That's accordi

Price of Switch 2 Might Increase Soon Because of Tariffs

It's been more than a month since Switch 2 came out. As Nintendo's most expensive console, at $450, it has yet to see a price jump because of President Donald Trump's new tariffs, but that can still change. Trump first announced his plans for tariffs on April 2, the same day that the Switch 2 was revealed. The tariffs targeted two countries important to Nintendo: Japan, where the company is based, and Vietnam, where some of its products are manufactured. He did declare soon after the announceme

You May Want to Buy a Nintendo Switch 2 Before Tariffs Drive Up the Price

Nintendo’s Switch 2 may have avoided a tariff-related disaster at launch, but today is a new day full of fresh economic horrors, and that means (unfortunately for everyone) potentially new and more draconian U.S. tariffs. In letters to 14 countries sent on Tuesday, President Donald Trump threatened to drastically hike tariffs by as much as 40% by the end of the month, which, for the record, marks a several-week extension of prior tariffs that were set to take effect on July 9. Among those countr

Trump's Biggest Tariff Deadline Lifts Soon: These 13 Companies Have Already Hiked Prices

Higher prices for a lot of popular products seem inevitable on our current trajectory. James Martin/CNET In many cases and for many products in the US, the biggest impacts of President Donald Trump's aggressive tariff plans haven't hit yet -- but that could be about to change as the 90-day pause on the "reciprocal" tariffs is set to end this week. However things shake out, numerous companies have already hiked prices or said that they'll increase in the near-future -- including, most recently,