iPhone Prices in the US Could Surge by 9% Due to Trump's Tariff Strategy

The hopes of maintaining stable pricing for iPhones in the U.S. have been shattered with President Donald Trump’s latest announcement regarding reciprocal tariffs. This bold move forces tech giants like Apple to make tough decisions: either increase iPhone prices or absorb significant financial losses. According to insights from Bank of America analyst Wamsi Mohan, consumers may soon feel the impact of these tariffs on their wallets.