Trump's tariff plans could raise iPhone 16 prices by $300, economists warn

President-elect Donald Trump plans to impose tariffs on Chinese goods, which could significantly raise prices for consumers. Economists estimate that the upcoming iPhone 16, priced at $1,000, may cost an additional $300 due to these tariffs. Trump has suggested a 60 percent tariff on Chinese products and an extra 10 percent on all goods from China. This could impact various items, especially electronics, which rely heavily on imported parts. While Trump claims his tariffs won't hurt consumer prices, many economists disagree. They warn that increased costs from tariffs will likely be passed on to consumers, leading to higher prices for imported goods.