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Trump’s Apple threat could push iPhone prices to more than $5000

Joanne Tran

Top fund managers expect it will be customers and not shareholders who wear the cost if the Trump administration follows through with threats to slap a 25 per cent tariff on Apple and Samsung in an attempt to bring the manufacture of the world’s most popular phones to the United States.

The threat, specifically mentioning iPhones, sent markets lower late last week. All three major Wall Street indices closed lower on Friday, with the Nasdaq falling 1 per cent and Apple shares dropping more than 3 per cent on the news. Apple is the largest company on the global sharemarket index.

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Joanne Tran is a markets reporter for The Australian Financial Review in the Sydney newsroom. Connect with Joanne on Twitter. Email Joanne at jo.tran@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/trump-s-apple-threat-could-push-iphone-prices-to-more-than-5000-20250526-p5m29w