Trade war could drive up phone prices worldwide. The cost of iPhones sold in the US is set to rise by 43%. This is due to Apple manufacturing their phones in China. Samsung, which produces in Vietnam, will also be affected by tariffs.

The trade war will negatively impact the world’s leading smartphone manufacturers. Additional tariffs imposed by the United States will significantly raise costs. Apple conducts a large portion of its production in China. According to Reuters’ analysis, the selling cost of an iPhone in America will increase by 43%.

However, experts indicate that it is difficult to implement an increase of over 10%. EMERGENCY ACTION Apple is alleged to have taken emergency measures to avoid the new customs duties. Reports suggest that five plane loads of phones have been moved from China to America. SAMSUNG TO BE AFFECTED Another smartphone giant, Samsung, is also facing cost hikes. The South Korean company conducts a major portion of its production in Vietnam. President Donald Trump had imposed an additional 46% tax on imports from Vietnam. Hence, it is estimated that there will be a cost increase of up to 20% in Samsung models.