$Apple(AAPL.US)Morgan Stanley predicts: iPhone prices may surge, US tariff policy severely impacts Apple's supply chain. Additional tariffs on China will increase Apple's annual costs by approximately $8.5 billion. If Apple fully passes on the tariff costs to consumers, the US retail price of iPhone16 Pro Max will rise from the current $1,599 to $2,300. During Trump's first term, Apple began promoting supply chain diversification, but the Trump administration's plan to impose high "reciprocal tariffs" on Southeast Asian countries will undoubtedly severely impact Apple's supply chain.

"New Fed News Agency": Even if Trump imposes additional tariffs, Apple can still achieve higher profits through its global supply chain compared to "Made in USA" iPhones. Trump's tariffs will push the cost of iPhone components from $549 to $846. The problem is that Apple's sales in the US market may not be as high as before.