Trump's trade policies could make the price of an iPhone skyrocket
Donald Trump has vowed to get "Apple to start building their damn computers and things in this country, instead of in other countries," but that could mean your iPhone is about to get a whole lot more expensive, The Washington Post reports.
Trump has long promised to put an end to the proliferation of Chinese-manufactured products in the U.S., and to do so he has floated instating a tax as high as 45 percent on Chinese goods. "If [Trump] institutes a 35-percent penal tariff on every export from China, then most of what you buy at Walmart is 35 percent more expensive," Roger Entner of Recon Analytics explained. While some analysts say the tariff wouldn't necessarily trigger a parallel jump in prices, it would still make manufacturing iPhones significantly more expensive for Apple — and, in turn, for you to buy. A mere 15 percent tax could push iPhones up $50 in cost.
That's not to mention the fact that China has warned of "countermeasures" if Trump tries to launch a trade war. But if Trump were to actually try to yank Apple's manufacturing from China altogether, it would spell an even bigger mess:
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Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.
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