Federal court blocks Trump tariffs; worst-case iPhone cost would exceed $4k

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The ongoing saga of potential tariffs on iPhones continues. After Trump threatened Apple with an additional 25% tariff on iPhones, the worst-case scenario could see the cost of the most expensive model in the line-up exceed $4,000.

However, a federal court has ruled that the president doesn’t actually have the legal authority to impose tariffs at all, let alone the most extreme ones he has threatened, and has vacated the executive orders issued so far …

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Federal court blocks Trump tariffs; worst-case iPhone cost would exceed $4k


The ongoing saga of potential tariffs on iPhones continues. After Trump threatened Apple with an additional 25% tariff on iPhones, the worst-case scenario could see the cost of the most expensive model in the line-up exceed $4,000.

However, a federal court has ruled that the president doesn’t actually have the legal authority to impose tariffs at all, let alone the most extreme ones he has threatened, and has vacated the executive orders issued so far …

The backstory

In the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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