Three ways US iPhone buyers could avoid 40% price rises from Trump tariffs

Apple Stores could be rather empty if this actually happened ... The Trump administration yesterday announced punishing import tariffs on a long list of countries, including all of Apple’s key manufacturing hubs. It’s been estimated that this would force the company to either increase US prices by 40% or see its profit slashed by 32%. The news saw stock market slumps around the world, with AAPL stock falling more than 7% in pre-market trading on fears of the impact … Trump’s tariffs Tariffs are import taxes paid by US consumers and companies at the port of entry. Trump announced a minimum tariff of 10% on all global imports, but far higher ones on many countries. These include the countries responsible for almost all Apple production: China: 34% India: 26% Thailand: 36% Vietnam: 46% These tariffs would result in Apple paying around a third more on most of the products it sells in the US, forcing it to choose between a massive hit to its profit margins or a huge price increase ... Read full article.