Is the iPhone Really Going to Cost More Than $2,000 After Tariffs?

President Donald Trump's new sweeping tariffs on US imports sparked fears of trade wars and threatened to raise prices on everything we buy, including Apple products. The cost of the latest tech seems to rise every year but experts warn that smartphone and laptop prices could climb even higher because of the massive tariffs this year. In addition to imposing tariffs on goods from nearly 200 countries, Trump announced last week that he was adding a 34% tariff to goods from China, where Apple produces the majority of its products. He had already increased tariff rates on China by 20% since February. Experts predict that the cumulative 54% tariff hike will raise prices for products manufactured in China, including iPhones, iPads, MacBooks and AirPods. But it's unclear exactly how much of an impact it will actually have on prices. "Expect 20% to 40% higher prices, although demand could plummet," Patti Brennan, certified financial planner and CEO of Key Financial, said in an email. "If ... Read full article.