Retail, autos, tech: These are the US industries that could be walloped by tariffs on China
1. 145% tariffs proposed could raise iPhone prices by over 50%. 2. U.S. electronics imports from China valued at $146 billion in 2023. 3. Tech sector heavily affected, along with apparel and automotive industries. 4. Tariffs may lead to $182 billion annual increase in costs for the tech sector. 5. China's economy may contract 1.5%, while U.S. GDP could shrink by 1%.