US President Donald Trump's recently announced tariffs could lead to higher prices for American buyers, with estimates suggesting the price of an iPhone could jump to $2,300.
This is stated in the Reuters article.
The tariffs announced by Trump have sent global financial markets tumbling and drawn condemnation from other leaders who see the end of decades of trade liberalization as imminent. But the White House has been mixed on whether the tariffs will be permanent or a tactic to win concessions, with Trump saying they "give us a lot of negotiating leverage."
"US tariffs will be the highest trade barriers in more than a century: a 10% base tariff on all imports and even higher targeted tariffs on some of the country's largest trading partners," the report says.
It is speculated that this could lead to higher prices for American buyers on everything, including Apple's iPhone, which is popular in the States.
According to Rosenblatt Securities, a premium iPhone could cost nearly $2,300 if Apple passes those costs on to consumers.
As a reminder, MP Iryna Gerashchenko suggested that US President Donald Trump's decision to introduce large-scale tariffs on trading partners will not only have serious changes in world trade. It is likely that the Americans themselves will pay more in the first place.