THE EDITOR – President Donald Trump has warned Apple CEO Tim Cook that not manufacturing iPhones in the United States will result in a minimum tariff of 25% on Apple goods.
TIMES on May 24, 2025 said the likely rise in the retail price of the product has long been a sticking point when it comes to discussing the possibility of having iPhones produced in the U.S.
In response to Trump’s tariffs threat, Dan Ives, an analyst at Wedbush Securities, estimated via social media that if iPhone production were to move Stateside, the cost of the product could rise to $3,500. Therefore, consumers risk being significantly impacted.
Read Also: Trump Threatens Apple With 25% Tariff on iPhones. Here’s How U.S. Consumers Could Be Impacted
The news comes at a time when U.S. consumers are already bracing themselves to feel the impact of Trump’s existing tariffs.
On May 15, Walmart’s chief financial officer John David Rainey warned that the retailer may have to soon start raising prices as the U.S. tariffs are “still too high.”
“We’re wired for everyday low prices, but the magnitude of these increases is more than any retailer can absorb,” Rainey said in an interview with CNBC. “It’s more than any supplier can absorb. And so I’m concerned that [consumers are] going to start seeing higher prices. You’ll begin to see that, likely towards the tail end of this month, and then certainly much more in June.”
Trump issued a defiant response, telling the retailer to “eat the tariffs.”
“Walmart should stop trying to blame tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING. I’ll be watching, and so will your customers,” he said via Truth Social.
