Apple is racing to fly planes of iPhones into the US ahead of Trump's tariffs
a year ago
- #iPhone
- #Apple
- #Tariffs
- Apple is stockpiling iPhone inventory in the US ahead of Trump's tariffs kicking in.
- Five planes full of iPhones and other products were flown from India and China to the US in late March.
- A 10% baseline tariff on all US imports started on Saturday, with higher rates (54% for China, 27% for India) coming on April 9.
- Apple aims to delay tariff impacts by stockpiling inventory, potentially avoiding iPhone price hikes until the iPhone 17 launch.
- Most Mac configurations ship directly from China to US consumers, making them more vulnerable to tariff effects.
- AAPL stock has dropped nearly 5% today and 18% over the last five days due to tariff concerns.
- Trump threatened an additional 50% tariff on Chinese imports, potentially raising the total to 104%.
- Consumers are advised to buy Apple products now to avoid future price increases.