The solution has become a significant relief for major technological companies such as Apple, Nvidia and Microsoft, which are strongly connected to production in China. For example, approximately 80% of the iPhone gathered at Foxconn factories in Zhengzhou. Without exception, smartphone prices can grow sharply – analysts predicted that the iPhone 16 Pro Max could cost $ 2300 instead of $ 1599.
Tariffs are import taxes designed to “protect local production”, but often lead to an increase in the prices of consumers. Economists, including the New York Federal Reserve President John Williams, warn that such measures can distribute inflation in the United States to 4%.
Source: Ferra
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