President Donald Trump’s tariffs on goods entering the U.S. have caused a major disruption in global markets, directly impacting many large companies.
Well-known devices like phones, laptops, tablets, and smartwatches, which are mainly produced in China, could become significantly more expensive for American consumers due to these new tariffs.
The key question now is who will bear the increased costs: Will companies absorb the tariffs, or will consumers feel the impact of higher prices?
For Apple, this has brought further headaches, as the company’s stock price dropped following Trump’s tariff announcement.
The tech giant has attempted to shift some of its operations out of China, expanding its iPhone factories in India and aiming to produce all of its phones there, but it has yet to fully close its production in the Far East.
It remains to be seen how much this will affect the price of future iPhones, which typically launch in the fall.
U.S. stock markets have experienced their worst week since 2020, as Trump’s comprehensive tariffs continue to stir turmoil in global markets, leaving much uncertainty about the future of the world economy.
