Apple's iPhone cost faces sharp increase as US-China trade dispute worsens
by Edward Helmore in New York from on (#4F1GZ)
Trump-imposed tariff of 25% on $200bn of goods could add about $160 to the cost of a $999 Chinese-made iPhone XS
The escalating trade dispute between the US and China could prove damaging to Apple and its customers by pushing up the cost of iPhones and driving down the share price.
According to a report by Morgan Stanley, the new Trump-imposed tariff of 25% on $200bn of Chinese-made goods could add about $160 (124) to the cost of a Chinese-made iPhone XS, which starts at $999.
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