The escalating trade war between the US and China threatens to significantly impact the price of smartphones. New US tariffs on Chinese goods, including electronics, coupled with China's export controls on critical metals used in smartphones, will drive up manufacturing and supply chain costs. Experts warn that consumers will bear the brunt of these increased costs.
The latest escalation has placed consumer electronics, including smartphones, at the centre of the dispute, with experts warning that newThese controls, which take effect on 10 February, will not only disrupt manufacturing and supply chains but could also drive up costs for tech companies and, by extension,
Tech giant Apple’s stock has already tumbled 4 per cent in response to the latest trade measures, with analysts predicting that price hikes could soon follow.is caught in the middle of the latest trade battle, with its iPhones assembled in China and shipped to the US accounting for roughly a third of its annual sales, according tocould have a 4 per cent impact on Apple’s earnings.
This time, the Apple chief appears to be employing a similar strategy. Cook reportedly donated $1m to Trump’s inaugural fund, according to Axios, and has spent years cultivating a close relationship with him through carefully staged meetings and dinners. Trump, for his part, has publicly praised Cook’s influence: “That’s why he’s a great executive – because he calls me and others don’t.”
Ruthenium is used in chips and is a key component in Apple’s Lightning phone connectors, while molybdenum is used in high-performance electronics. Dr Bensassi added that China’s policies were designed to reinforce its dominance in battery production and other key technological components – which makes it more difficult for Apple to re-route its supply chain through other countries, rather than China.Bank of America Securities said ramping up iPhone manufacturing in India could help limit the consequences of the tariffs.
Business TRADE WAR SMARTPHONES TARIFFS CHINA US ELECTRONICS SUPPLY CHAIN PRICES
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