A $2,300 Apple iPhone? Trump tariffs could make that happen.

Your favorite iPhone could soon become much pricier, thanks to tariffs. US President Donald Trump imposed a series of sweeping tariffs on countries around the world that could drastically alter the landscape of global trade, and consumer goods like iPhones could be among the hardest hit, analysts said on Thursday, with increases of 30 per cent to 40 per cent if the company were to pass on the cost to consumers.