Pro@programming.dev to Technology@lemmy.worldEnglish · 1 day agoTrump says a 25% tariff "must be paid by Apple" on iPhones not made in the US, says he told Tim Cook long ago that iPhones sold in the US must be made in the USprogramming.devexternal-linkmessage-square269fedilinkarrow-up1724arrow-down126file-text
arrow-up1698arrow-down1external-linkTrump says a 25% tariff "must be paid by Apple" on iPhones not made in the US, says he told Tim Cook long ago that iPhones sold in the US must be made in the USprogramming.devPro@programming.dev to Technology@lemmy.worldEnglish · 1 day agomessage-square269fedilinkfile-text
minus-squaremalin@thelemmy.clublinkfedilinkEnglisharrow-up14arrow-down2·24 hours agoWe need to keep in mind that businesses like Apple are already charging the most they think customers are willing to pay. Tariffs will hurt their bottom line by causing them to lose more in sales than they can make up for by raising unit prices.
We need to keep in mind that businesses like Apple are already charging the most they think customers are willing to pay.
Tariffs will hurt their bottom line by causing them to lose more in sales than they can make up for by raising unit prices.
that’s the plan