Trump threatens tariffs on Apple
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The threat delivered over social media could dramatically increase the price of iPhones. Trump also threatened a 50% tax on all imports from the European Union.
Nike will join the chorus of companies slated to raise prices due to the onset of President Trump’s tariffs. Company executives are planning to increase costs for apparel and equipment sourced
Apple may raise prices on its iPhones, but is reluctant to publicly blame Trump's China tariffs as the company faces higher costs.