Tariffs are currently a significant concern, prompting companies worldwide, including Apple -- one of the largest smartphone makers -- to brace for possible impacts. The true effects of the Trump Administration's global reciprocal tariffs on consumer prices, both online and in stores, are still being assessed. However, there is increasing speculation that these tariffs may influence the cost of the iPhone.
Source : https://www.pocket-lint.com/apple-iphone-anniversary-and-tariffs/
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