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People are panic buying iPhones ahead of possible price hikes, report claims

Trump tariffs could push iPhone prices up, and people are choosing to buy right now instead.

According to Bloomberg, Apple retail stores across the U.S. have registered increased shopping activity over the weekend, with shoppers "panic-buying" iPhones. The shoppers are worried about iPhone prices increasing due to the wide-ranging set of tariffs that the Trump administration recently imposed on China and many other countries. Trump could make some sort of trade deal with China, and even if the tariffs remain as they are, it's unclear how much of the price increase Apple would pass on to customers.

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