iPhone prices could inflate by over 40% in US. Donald Trump’s tariff policy to be blamed?

US President Donald Trump’s reciprocal tariffs have sparked fears of a global trade war and raised the possibility of steep price increases for several goods, including Apple’s iPhones.

With tariffs coming into effect, a high-end iPhone is estimated to cost nearly $2,300 if Apple passes the costs on to consumers, according to a report by news agency Reuters citing projections from Rosenblatt Securities.