Trump Threatens China With Extra 50% Tariff. Should You Buy an iPhone Now? [CNET News]
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Source: CNET News
Trump's additional tariffs followed China's announcement that it was matching the "reciprocal tariff" Trump announced last week amid the new sweeping tariffs on US imports "If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China," Trump posted on his social media network today. Fears of trade wars are seemingly coming to fruition and threaten to raise prices on everything we buy , including Apple products. The cost of the latest tech seems to rise every year but experts warn that smartphone and laptop prices could climb even higher because of the massive tariffs this year. In addition to imposing tariffs on goods from nearly 200 countries, Trump announced last week that he was adding a 34% tariff to goods from China, where Apple produces the majority of its products. He had already increased tariff rates on China by 20% since February. Experts predict that
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