{"id":665920,"date":"2025-05-26T00:00:00","date_gmt":"2025-05-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/trumps-push-for-made-in-america-iphone-could-double-prices-for-consumers\/"},"modified":"2025-05-26T00:00:00","modified_gmt":"2025-05-26T00:00:00","slug":"trumps-push-for-made-in-america-iphone-could-double-prices-for-consumers","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/26\/trumps-push-for-made-in-america-iphone-could-double-prices-for-consumers\/","title":{"rendered":"Trump\u2019s push for made-in-America iPhone could double prices for consumers"},"content":{"rendered":"

US Presiden<\/strong>t Donald Trump is once again piling the pressure on Apple for it to <\/strong>manufacture the<\/strong> iPhone stateside<\/strong>, calling on CEO Tim Apple Cook to make America\u2019s most widely bought phone in the \u201cUnited States, not India, or anyplace else\u201d in a Friday post on Truth Social<\/a>. Imported iPhones will face a tariff \u201cof at least 25%,\u201d he warned.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

But a 25% tariff on imported iPhones could double prices<\/strong>, pushing the price on store shelves to USD 2k and upwards, according to TechInsights\u2019 Wyne Lam, who was cited by the New York Times<\/a>. \u201cIn the short term, it\u2019s not economically feasible,\u201d Lam argued, with upfront costs to develop domestic production capacity and considerably higher labor costs presenting almost insurmountable obstacles while keeping Apple\u2019s flagship product at a commercially effective price point.<\/p>\n

There are also numerous other reasons why around 80% of iPhones are still made in <\/strong>China<\/strong>, including the country\u2019s massive and flexible workforce with immense experience assembling miniature components, tooling engineer expertise, and an integrated supply chain close to input suppliers. Rebuilding this labor force in the US and developing an efficient and cost-effective ecosystem would take not just years, but bns of USD \u2014 which the Trump administration has so far been reluctant to put its money behind. <\/p>\n

Apple execs also firmly have their sights set on the future \u2014 and that future may not <\/strong>include the iPhone. <\/strong>With the tech giant increasingly focused on artificial intelligence and believing that the future of consumer tech devices will be designed around it, the company\u2019s best-selling device may be replaced by another yet-to-be-created piece of technology. \u201cI would be surprised if there\u2019s an iPhone 29,\u201d Lam said, meaning that the bns of needed investment to onshore iPhone production may never be recouped.<\/p>\n

MARKETS THIS MORNING- <\/p>\n

Asian markets are mixed in early trading this morning. <\/strong>Japan\u2019s Nikkei is up 0.6%, Korea\u2019s Kospi is looking at gains of 1.0%, and the Shanghai Composite is up 0.3%. Meanwhile, the Hang Seng is down 0.2%. <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

<\/use><\/svg><\/p>\n<\/td>\n\n

EGX30<\/strong><\/p>\n<\/td>\n

\n

32,024<\/p>\n<\/td>\n

\n

+0.2% (YTD: +7.7%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CBE)<\/strong><\/p>\n<\/td>\n

\n

Buy 49.83<\/p>\n<\/td>\n

\n

Sell 49.97<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

USD (CIB<\/strong>)<\/strong><\/p>\n<\/td>\n

\n

Buy 49.84<\/p>\n<\/td>\n

\n

Sell 49.94<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Interest rates (CBE)<\/strong><\/p>\n<\/td>\n

\n

24.00% deposit<\/p>\n<\/td>\n

\n

25.00% lending<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Tadawul<\/strong><\/p>\n<\/td>\n

\n

11,000<\/p>\n<\/td>\n

\n

-1.7% (YTD: -8.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

ADX<\/strong><\/p>\n<\/td>\n

\n

9,665<\/p>\n<\/td>\n

\n

0.0% (YTD: +2.6%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

DFM<\/strong><\/p>\n<\/td>\n

\n

5,464<\/p>\n<\/td>\n

\n

+0.2% (YTD: +5.9%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P 500<\/strong><\/p>\n<\/td>\n

\n

5,803<\/p>\n<\/td>\n

\n

-0.7% (YTD: -1.3%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

FTSE 100<\/strong><\/p>\n<\/td>\n

\n

8,718<\/p>\n<\/td>\n

\n

-0.2% (YTD: +6.7%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Euro Stoxx 50<\/strong><\/p>\n<\/td>\n

\n

5,326<\/p>\n<\/td>\n

\n

-1.8% (YTD: +8.8%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Brent crude<\/strong> <\/p>\n<\/td>\n

\n

USD 65.31<\/p>\n<\/td>\n

\n

+0.8%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Natural gas (Nymex) <\/strong><\/p>\n<\/td>\n

\n

USD 3.35<\/p>\n<\/td>\n

\n

+0.4%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

Gold<\/strong><\/p>\n<\/td>\n

\n

USD 3,373<\/p>\n<\/td>\n

\n

-0.7%<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

BTC<\/strong><\/p>\n<\/td>\n

\n

USD 108,404<\/p>\n<\/td>\n

\n

+0.4% (YTD: +15.8%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P Egypt Sovereign Bond Index<\/strong><\/p>\n<\/td>\n

\n

869.4<\/p>\n<\/td>\n

\n

+0.1% (YTD: +11.8%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

S&P MENA Bond & Sukuk<\/strong><\/p>\n<\/td>\n

\n

142.8<\/p>\n<\/td>\n

\n

+0.2% (YTD: +2.1%)<\/p>\n<\/td>\n<\/tr>\n

\n

<\/use><\/svg><\/p>\n<\/td>\n\n

VIX (Volatility Index)<\/strong><\/p>\n<\/td>\n

\n

22.29<\/p>\n<\/td>\n

\n

+9.9% (YTD: +28.5%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

THE CLOSING BELL-<\/p>\n

The EGX30 rose 0.2% at <\/strong>yesterday\u2019s<\/strong> close<\/strong> on turnover of EGP 4.2 bn (10.1% below the 90-day average). Local investors were the sole net buyers. The index is up 7.7% YTD.<\/p>\n

In the green:<\/strong> Beltone Holding (+5.0%), Oriental Weavers (+3.4%), and Palm Hills Development (+3.4%).<\/p>\n

In the red:<\/strong> Ibnsina Pharma (-2.6%), EFG Holding (-2.0%), and GB Corp (-1.9%).<\/p>\n

\n

CORPORATE ACTIONS- <\/p>\n

EFG Holding<\/strong>\u2019s board approved the firm\u2019s plan to distribute 20.5% of U Consumer Finance <\/strong>\u2014 which owns and operates the Valu brand \u2014 to shareholders <\/strong>as a dividend, according to an EGX disclosure (pdf)<\/a>. The stock will begin trading on the EGX that same day the shares are granted \u2014 Valu temporarily listed 2 bn shares<\/a> on the EGX starting last Thursday, giving it six months to meet listing requirements and obtain regulatory approvals before the shares start trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

A 25% tariff on imported iPhones could double prices, pushing the price to USD 2k and upwards<\/p>\n","protected":false},"author":1,"featured_media":665921,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7210],"tags":[184,116,72,119,122,639],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665920","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-planet-finance","tag-apple","tag-china","tag-enterpriseam","tag-financial-markets","tag-planet-finance","tag-technology","wpautop","entry"],"acf":{"mongo_id":"ccc4d346-0f52-479d-a29e-ee7e839de1ef","order":"14","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/2087.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Trump\u2019s push for made-in-America iPhone could double prices for consumers","related_issue":[665895],"teaser":"A 25% tariff on imported iPhones could double prices, pushing the price to USD 2k and upwards","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.4e73ffba-246e-410d-8da2-c48bb1e92ea6.mp3"},"yoast_head":"\nTrump\u2019s push for made-in-America iPhone could double prices for consumers - 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