US tariffs could send iPhone prices soaring, spark consumer backlash
Shoppers outside Apple’s Fifth Avenue store in Manhattan were stunned by the prospect of paying more than $2,000 — or even $3,500 — for an iPhone, after sweeping new tariffs imposed by US President Donald Trump sent shockwaves through the tech industry.
The tariffs, including a 54 percent levy on Chinese goods, could force Apple to raise prices significantly or absorb massive costs, analysts say.
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