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Well, following some changes over the weekend, it seems the whole mess is getting even more confusing.
Commerce Secretary Howard Lutnick, confirmed this news in an interview withABC News.
Lutnick emphasized the need to reshore semiconductor production in the U.S. rather than in Taiwan and China.
So expect devices like phones to be grouped in as part of that.
Pharmaceutical products will also be hit by a new, similar tariff.
What does this mean for iPhone prices?
Its a process that takes years, and even a small scale shift will cost billions of dollars.
When pressed about this.
Greengart also agrees that the majority of components would still need to come from Asia.
Be sure to read our explainer onhow tariffs could affect the iPhone 17 priceto find out more.
