US tariffs could send iPhone prices soaring, spark consumer backlash

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.

REUTERS VIDEO

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