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Apple Reportedly Flew in 5 Plane Loads of iPhones to Dodge Trump Tariffs
Apple might be able to avoid raising prices in the US for now, as its warehouses are stocked for months, The Times of India reports.
“The reserves that arrived at lower duty will temporarily insulate the company from the higher prices that it will need to pay for new shipments under the revised tax rates,” a source tells the Times. A vast majority of its products are manufactured in China, Vietnam, and India, and starting April 9, goods coming in from these countries would be tariffed at 54%, 46%, and 26%, respectively. According to the Financial Times, more than half of Nintendo’s US hardware comes from Vietnam and Cambodia, and the video game company shipped over 383,000 units of the Switch 2 across five days of January to “get ahead of the risk of tariffs.”
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