According to Rosenblatt Securities, with the US announcing a minimum import tax of 10% and counterpart tariffs of up to 54% for some major trading partners, the iPhone could reach $2,300 if Apple transfers all of its tax costs to consumers.
Reuters reported that Mr. Trump's new tax policy includes a basic tax of 10% on all imports, along with a higher tax rate for major trading partners. This is considered the biggest trade barrier in more than a century, causing many countries to react strongly.
Mr. Trump's announcement immediately rocked the stock market. The Nasdaq index fell nearly 6%, while the S&P 500 lost nearly 5% - the worst decline since 2020.
stocks of large technology corporations plummeted: Apple lost 9.5%, Dell decreased by 17%, HP lost 18% and Sonos decreased by 15%. Analysts warn that this tax policy could disrupt the global supply chain and seriously affect corporate profits.
Although the Trump administration has affirmed that this is a measure to boost investment in domestic production, observers are concerned about its negative impact. The International Monetary Fund (IMF) warns that new tariffs could weaken the global economy amid slowing growth.
Meanwhile, technology businesses are struggling to cope with the situation. Apple and HP have not commented, but Apple said it is assessing the impact of the new tax. Sonos also confirmed that it is closely monitoring the developments and trying to minimize the impact on customers.
In addition to the direct impact on prices, Mr. Trump's tax policies can also increase inflation, causing people's living expenses to increase by thousands of USD per year.
According to Reuters, some experts said that this plan lacks careful preparation, which could cause serious economic losses without bringing practical negotiation benefits.
Mr. Trump affirmed that the tariffs will create negotiating advantages and help attract investment. He emphasized the commitments from Taiwan Semiconductor Manufacturing Co. (TSMC) and softBank on pouring hundreds of billions of USD into the production of AI chips and data centers. However, experts say that these measures could harm international trade relations and increase economic risks.
The basic tax rate will take effect right after the midnight of 5.4, while the higher tax will begin to be applied on 9.4. Although the temporary semiconductor is exempted, Mr. Trump has left the ability to expand the tax rate to the entire chip industry. This raises concerns about the possibility of escalation of the trade war, which can seriously affect the global economy.
