Trump Tariffs Could Increase iPhone Prices By Up To 43% | Tesla's Sales Plunge
Countries across the globe are condemning US President Donald Trump's new tariffs, warning of an escalating trade war. The 10% baseline tariff on all imports is expected to drive up prices for American consumers, with high-end iPhones potentially costing $2,300 if Apple passes the costs along. In another development, Tesla is facing one of its worst years yet. Quarterly sales have dropped by 13%, marking its weakest performance in nearly three years. Tesla stock has plummeted 45%, and analysts at Deutsche Bank predict a further 5% decline in 2025.
