Source: New York Post
Your favorite iPhone could soon become much pricier, thanks to tariffs. President Trump imposed a series of sweeping tariffs on countries around the world that could drastically alter the landscape of global trade, and consumer goods like iPhones could be among the hardest hit, analysts said on Thursday, with increases of 30% to 40% if the company were to pass on the cost to consumers. Shares of the company slid more than 9% in the wake of the tariff announcements, their worst day since September 2020.
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