Various production hubs of Apple will be subject to up to a 46 percent bump in tariffs, forcing mutiple products, including iPhones, to jump in price
Donald Trump has announced tariffs that will end up skyrocketing the price of a boatload of Apple products because the regions where those levies have been applied are where the Cupertino giant’s production hubs are present. During the announcement at a White House event, Trump stated that the tariffs would reach up to a whopping 46 percent. It appears that Apple’s pledge to invest $500 billion in the U.S. did not have the intended effect, and consumers in the country will have to pay dearly with their wallets.The very reason Apple wanted to diversify outside of China has been discouraged, thanks to Trump’s latest announcement
A base rate of 10 percent tariffs on all imports to the U.S. will come into effect on April 5, which will have a sufficient impact on the consumer’s purchasing power.
