Checked pricing on new iPhones with my carrier this morning and was stunned that they hadn't been increased. In the meantime, just waiting for the other shoe to drop.
Also, the reciprocal tariffs agreement between China, Japan and South Korea against the US pretty much guarantees smart phones will be pretty spendy once this gets rolling.
in the shot term things might not change too much, contracts that were already signed, things that were already paid for.. although then again companies might just add 20% and pretend it's the tariffs anyways.
Tariffs are due once the product crosses the border. So when tariffs come into effect on day X and the product is imported after day X, the tariff is due. Doesnt matter what has already been paid for and what contracts have been signed.
I think their point was.. let's say they have enough product in the country for let's say 3 months. So no tariffs on that current inventory. They may go ahead and add the 20% to current inventory not subject to tariffs.
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u/Strict_Foundation_31 1d ago
Checked pricing on new iPhones with my carrier this morning and was stunned that they hadn't been increased. In the meantime, just waiting for the other shoe to drop.
Also, the reciprocal tariffs agreement between China, Japan and South Korea against the US pretty much guarantees smart phones will be pretty spendy once this gets rolling.