LAHORE – US President Donald Trump has ignited a global trade war by imposing reciprocal tariffs on products imported from foreign countries, sparking fears of sharp price hikes for swathes of goods including Apple iPhones.
With the imposition of tariffs, the prices of iPhone could soar to $3,500 in the US as Apple imports them from China, which manufactures a significant quantity of the high-end phones for the US firm.
However, there is a blessing in disguise for Pakistan amid ongoing tariff war as prices of the PTA-approved iPhone would be lower than the US markets.
A local techie said since the tariff is imposed on products, not the companies, and iPhones imported through UAE or any other country to Pakistan will face no tariffs announced by the Trump as they are applicable to products to be sent to the US.
It means the prices of upcoming iPhone 17 and other PTA approved Apple phones would be cheaper in Pakistan.
Earlier this month, United States President Donald Trump imposed massive tariffs on almost all imports with stern levies on dozens of countries, including Pakistan, in a move that also affected Washington’s top allies.
