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Apple is once again in the crosshairs of a U.S.-China trade war after President Trump announced sweeping tariffs on global imports April 2, including on China, India, and Vietnam. The company’s stock dropped nearly 15%, wiping out $640 billion in market value before rebounding on April 9 as Trump put a pause on tariffs for most countries. But tariffs remain at a staggering 145% on goods from China, which Apple remains heavily reliant on despite years of efforts to diversify production. So what do these tariffs mean for Apple, its stock and the price of the next iPhone? Chapters: 0:00 Introduction 2:26 Why Apple relies on China 6:16 Apple remains silent Produced and edited by Lisa Setyon Supervising Producer Katie Tarasov Senior Director of Video Jeniece Pettitt Animation Jason Reginato, Additional Footage Getty Images, Apple » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Do you want a new career that’s higher-paying, more flexible or fulfilling? Take CNBC’s new online course - How to Change Careers and Be Happier at Work. Pre-register today and use coupon code EARLYBIRD for an introductory discount of 30% off $67 (+taxes and fees) through May 13, 2025: https://cnb.cx/4igNyqZ Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC #apple #iphone #Tariffs Why iPhones May Get More Expensive Amid Trump Tariffs