How Trump’s trade war could triple iPhone prices

How much would you pay for an iPhone? Subscribe to The Guardian on YouTube ► http://bit.ly/subscribegdn Apple is reportedly chartering cargo flights to ferry iPhones from its Indian manufacturing plants to the US in an attempt to beat Donald Trump’s tariffs. The tech company has flown 600 tonnes of iPhones, or as many as 1.5m handsets, to the US from India since March after ramping up production at its plants in the country, according to Reuters. Trump’s threatened tariffs of 26% on Indian imports are on hold for about three months after the US president called a 90-day pause, but he has announced that tariffs on goods from China – where Apple assembles most of its iPhones – will be subject to a levy of 125%. Analysts have warned iPhone prices could surge after the US imposed its highest tariff on imports from China. But why is Trump entering a trade war with China? Watch the video to hear our senior economics reporter Richard Partington explain this and what happened last time the US imposed high tariffs. The Guardian publishes independent journalism, made possible by supporters. Contribute to The Guardian today ► https://bit.ly/3biVfwh Sign up to the Guardian's free new daily newsletter, First Edition ► https://ift.tt/VPt9FCK Website ► https://ift.tt/ypdrWL2 Facebook ► https://ift.tt/o19Zbgm Twitter ► https://twitter.com/guardian Instagram ► https://ift.tt/osHPGLr The Guardian on YouTube: Guardian News ► https://bit.ly/guardiannewssubs Guardian Australia ► https://bit.ly/guardianaussubs Guardian Football ► https://bit.ly/gdnfootballsubs Guardian Sport ► https://bit.ly/gdnsportsubs It's Complicated ► https://bit.ly/ItsComplicatedSubs Guardian Live ► https://bit.ly/guardianlivesubs #iphone #apple #trump #trumptariffs #trumptradewar #trumpchina #china #economy #usa