Reported 1 day ago
Dan Ives, a prominent tech analyst from Wedbush, warns that Trump's new tariffs could drive the cost of iPhones up to $3,500, significantly impacting the tech industry and US consumers. He argues that the tariffs threaten to cause an economic crisis and delay the ongoing AI revolution, as China retaliates with steep tariffs on US goods. Ives emphasizes the urgent need for realistic negotiations on these trade policies to prevent escalating costs and economic downturns.
Source: YAHOO