How Much Could Tariffs Increase iPhone Prices? We Do the Math

It looks like the iPhone's price hike may be less than expected. For now. Smartphones like the iPhone were on the list of consumer electronics exempted from the reciprocal tariff, according to a bulletin from the US Customs and Border Protection published late Friday night. But by Sunday, White House officials said the reprieve was temporary, and President Donald Trump disputed that anyone was getting "off the hook." "There was no tariff 'exception' announced on Friday," he said in a post on his social media network. "These products are subject to the existing 20% fentanyl tariffs, and they are just moving to a different Tariff 'bucket.'" Trump backed down from his sweeping "reciprocal tariffs" last 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 because they didn't retal ... Read full article.