Verizon, AT&T, and T-Mobile prepare to raise prices on consumers because of Trump's trade war

Source: Yahoo! Finance

Fri, April 25, 2025 at 8:25 AM EDT


The smartphone ecosystem has avoided the biggest brunt of President Trump's tariffs, for now. But if that for now ends, major phone carriers appear poised to dump the higher costs of smartphones onto the laps of consumers.

Trump earlier this month exempted smartphones and some other electronics from his reciprocal tariffs, though he left a 20% fentanyl tariff on China intact. The exemption could prove temporary, keeping the prospect of 145% tariffs on China (where Apple (AAPL) makes its iPhones in play.

Even the 20% fentanyl tariff on China may sting consumers soon if no trade deal between the two superpowers is reached.

The price of an iPhone 15 would increase to $839 from $699 currently, according to an analysis from tech publication CNET. The iPhone 16 would climb to $959 from $799.

Read more: https://finance.yahoo.com/news/verizon-att-and-t-mobile-prepare-to-raise-prices-on-consumers-because-of-trumps-trade-war-122549340.html