The 1,300 proposed tariff increases are designed to penalize China for policies that U.S. trade officials say put American companies at a disadvantage in the Chinese market. But business groups have warned they could backfire on U.S. companies such as Apple, Google, IBM and Dell.
I really wanted to buy a new phone too. Was waiting on my tax refund to do it. But my guess is the new iPhone will now cost $5000.