Will Trump's Newest 50% Tariff on China Double the iPhone Price?

It looks like the trade war is becoming an arms race. President Donald Trump announced an additional 50% tariff on goods imported from China, which could potentially double the price of Chinese imports. Trump's additional tariffs followed China's announcement that it was matching the "reciprocal tariff" Trump announced last week amid the new sweeping tariffs on US imports. "If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China," Trump posted on his social media today. Fears of trade wars are seemingly coming to fruition and threaten 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 h ... Read full article.