White House: Tariff on iPhones Won’t Hurt Consumers, Apple Will Pay

The White House insists that a proposed 25% tariff on iPhones made outside the U.S. will not affect consumers. Instead, it says Apple will absorb the cost. National Economic Council Director Kevin Hassett downplayed fears of rising iPhone prices on Tuesday, following President Trump’s public threat to impose steep tariffs on Apple products manufactured abroad. […]
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