Are tariffs about to make your next iPhone way more expensive? It's complicated

Elyse Betters Picaro / ZDNET The latest series of trade tariffs announced by the current US administration on "Liberation Day" against trade partners has people worried that their money will be spread even more thinly. Let's remind ourselves of the tariffs as outlined on the oversized poster board prop used during the event. The White House - YouTube / ZDNET We'll ignore that somewhat nebulous middle column that seems to represent the US goods-only trade deficit with each country -- which is itself important because the US is a service economy and, as such, exports more intangibles such as software, services, and entertainment as opposed to physical goods -- and which is used as a proxy for alleged unfair practices. A few things to notice First, China is at the top of the list, and it will be hit with a 34% "discounted reciprocal tariff." Also: If you're planning to upgrade your electronics, you might want to buy them now - here's why Take a look around you at the stuff you own ... Read full article.