Not just Apple, Donald Trump has bad news for all smartphone companies with this 'June-end deadline'; say

President Trump has announced a potential 25% tariff on all smartphones sold in the United States that are manufactured outside the country, a move that could significantly impact major players in the industry. This proposed tariff, set to take effect by the end of June, targets not only Apple—known for its production in China—but also other giants like Samsung, which assembles many of its devices in countries such as South Korea and Vietnam. Industry analysts predict that the tariff could lead to increased prices for consumers and potential shifts in manufacturing strategies. Companies may face tough decisions on whether to absorb the costs or pass them on to buyers, possibly affecting sales and market dynamics. This development could also prompt firms to explore relocating production facilities to the U.S. or other exempt locations to mitigate the impact. The ripple effects of this policy could extend beyond pricing, influencing supply chains and employment within the tech sector. As June approaches, smartphone manufacturers are closely monitoring the situation, weighing their options, and preparing for strategic adjustments. The global market is on alert, anticipating how these changes might reshape the competitive landscape and consumer choices in the near future.

— Authored by Next24 Live