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Federal court blocks Trump tariffs; worst-case iPhone cost would exceed $4k

The ongoing saga of potential tariffs on iPhones continues. After Trump threatened Apple with an additional 25% tariff on iPhones, the worst-case scenario could see the cost of the most expensive model in the line-up exceed $4,000.

However, a federal court has ruled that the president doesn’t actually have the legal authority to impose tariffs at all, let alone the most extreme ones he has threatened, and has vacated the executive orders issued so far …

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