Apple may hike iPhone prices as Trump tariffs on China remain high
1. Apple faces major tariffs, affecting its global supply chain significantly. 2. Over $640 billion in Apple's market value wiped out within five days. 3. Tariffs on imports from key countries could raise product prices by 17-18%. 4. Apple still relies heavily on China for manufacturing despite efforts to diversify. 5. Analysts warn of demand impact and potential economic recession due to tariffs.