United States President Donald Trump announced “Liberation Day” tariffs for basically every country in the world. This decision will be extraordinarily expensive for Apple, as the American phone manufacturer imports its iPhones, which are currently assembled in India or China.
India faced a 26% “discounted” tariff, while China got an even higher 34% rate on top of the 20% from earlier this year. This means that any newly imported iPhone in the United States will be, on average, 40% more expensive. Products from Vietnam would incur a 46% tariff, including iPads and AirPods.
The…
United States President Donald Trump announced “Liberation Day” tariffs for basically every country in the world. This decision will be extraordinarily expensive for Apple, as the American phone manufacturer imports its iPhones, which are currently assembled in India or China.
India faced a 26% “discounted” tariff, while China got an even higher 34% rate on top of the 20% from earlier this year. This means that any newly imported iPhone in the United States will be, on average, 40% more expensive. Products from Vietnam would incur a 46% tariff, including iPads and AirPods.
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