Consumers could see up to a 40% increase in smartphone prices due to tariffs on devices produced overseas and imported to the US.
Convicted President Trump announced a 25% tariff on imported iPhones, which would also apply to other companies selling phones in the US.
Tariffs are likely to be passed onto consumers, resulting in significant price hikes for premium smartphones like the upcoming Galaxy foldables from Samsung.
There is uncertainty regarding the implementation of tariffs, but if enforced, consumers should expect to pay more for imported devices in the US.