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Apple may hike iPhone prices as Trump tariffs on China remain high
Lisa Setyon,Katie Tarasov - CNBC -
11/04
Apple's reliance in China will likely lead to higher prices for iPhones.
In this article
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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, ma... [Short citation of 8% of the original article]
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