Apple may hike iPhone prices as Trump tariffs on China remain high

Apple is once again in the crosshairs of a global trade war. This time, the stakes may be even higher. On April 2, President Donald Trump signed a sweeping executive order instituting reciprocal tariffs on a wide range of imported goods, including those from China, India, Vietnam and other countries critical to Apple's supply chain. That move sent shockwaves through global markets, wiping out over $640 billion in Apple's market value in just five days. "It's the most head-scratching, absurd policy move we've seen in years," said Dan Ives, managing director at Wedbush Securities. "Apple is in the eye of the storm." CNBC technology reporter Kif Leswing calls it a "massive moment for Apple." "Even with all their efforts to diversify production, the company still depends on China, and now they're facing tariffs from nearly every country they manufacture in," Leswing said. While the stock rebounded on Wednesday after Trump announced a 90-day pause on tariffs for select nations, the bro ... Read full article.