Major phone carriers prepare to raise prices for consumers amid Trump's tariff plans

New Photo - Major phone carriers prepare to raise prices for consumers amid Trump's tariff plans

Customers of AT&T, T-Mobile, and Verizon be warned: price rises are coming. Bosses of the three biggest US carriers have all said prices will rise as President Donald Trump's latest tariff plans ripple through the smartphone industry. Trump has placed a 145 percent tariff on imports from China, the country where iPhones are primarily assembled. Smartphones have been exempted from tariffs temporarily, but that is not expected to last. Even if they get a longer term reprieve, the broader impact on supply chains is significant.

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