Could iPhones Really Cost $3,500 With Trump's Tariffs? We Do the Math

US President Donald Trump backed down from his sweeping "reciprocal tariffs" this week, but he upped the tax on goods from China to 125% and left the 10% tariff on other imports from other countries. Experts say you should expect to pay more for your next iPhone. Trump announced the 90-day pause on his social media platform for all countries except China because "these countries have not, at my strong suggestion, retaliated in any way, shape or form." China, where Apple produces most of its products, has responded to each of Trump's tariff hikes this year by increasing tariffs on US products. "Trump is playing hardball with China, which is unsettling on many levels," Patti Brennan, certified financial planner and CEO of Key Financial, said in an email. "As for Apple, expect the prices to double for their products." If Apple passed through the China tariff costs to customers, the iPhone Pro Max 16 with 1TB of storage, could increase from $1,599 to nearly $3,600. Apple has started to ... Read full article.