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$2,150 for an iPhone? Trump tariffs are ‘category 5 price storm’

US is not set up to supply mobile phones and would cost estimated $30bn to move just 10% of chain from ChinaThe AI-generated video of tired-looking Americans making mobile phones, which circulated widely on social media this week, was a pointed vision of a post-tariff world. But Donald Trump wants it to become reality for Apple.The iPhone maker is one of the biggest victims of the US president’s realignment of the global trading order because its flagship product is assembled in the epicentre of Trump’s protectionist ire – China. Continue reading...


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