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Trump's tariffs will stay in effect until June 9, Apple still in limbo

  • Trump's tariffs, which were initially blocked by the court, are back in effect until June 9, pending further arguments and a permanent ruling.
  • The court ruled that the president does not have the authority to control trade under the Emergency Economic Powers Act, stating that it falls under Congress' jurisdiction.
  • Apple is among the companies that will be heavily impacted by the tariffs, potentially facing a loss of $900 million in Q2 2025 due to its extensive international supply chain investments.
  • The uncertainty surrounding Apple's situation may lead to a considerable increase in iPhone 17 prices this year.

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