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Trump Tariffs Could Triple iPhone Price to $3,500, Threatening AI Progress
Summary: The US announced 34% tariffs on China, which China then matched, bringing the total tariff charged to the US to 54%. Analysts are now weighing in
This week, President Trump announced tariffs on virtually every country in the world, including a pair of islands that are only inhabited by Penguins. While many tech companies, including Apple, Samsung, and Google, have moved their factories to other countries in Asia – like Vietnam – they still purchase a lot of components from China. They are also noting that unlike the 1980s tariffs, they are now affecting tech, the AI revolution and the global industry pretty hard.
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