Staggering price of new iPhone after Trump's tariffs
The price of an iPhone is set to skyrocket under President Donald Trump's 'Liberation Day' tariffs crackdown, experts have warned. The cost of producing the latest model of its popular smartphone is set to surge from $580 to $850, TechInsights analyst Wayne Lam told The Wall Street Journal. This is because Apple manufacturers its iPhone in China, which has been hit with a staggering 54 percent tax on its imported goods.
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