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Fortune

Preston Fore

Get ready to pay more than $2,000 for a new iPhone: Experts say Trump's 125% tariff on China is a 'complete disaster for Apple' akin to 'Armageddon'

Apple China Donald Trump Tim Cook United States Wedbush Fortune

Colorful iPhones displayed at an Apple Store (Credit: Annice Lyn/Getty Images)

Trump is ramping up a trade war with China by tripling tariffs on Chinese goods to 125%—a number that does not bode well for Apple and American consumers.

The U.S. stock market rebounded Wednesday afternoon off news that President Donald Trump paused his plans for wide-scale tariffs on goods from some 180 countries.

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