Apple gets a hard hit from "Liberation Day" tariffs
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. This means that any newly imported iPhone in the United States will be, on average, 30% more expensive. Products from Vietnam would incur a 46% tariff, including iPads and AirPods. The political rationale behind the tariffs is for...


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. This means that any newly imported iPhone in the United States will be, on average, 30% more expensive. Products from Vietnam would incur a 46% tariff, including iPads and AirPods. The political rationale behind the tariffs is for...