The new global tariffs announced by US President Donald Trump paints a bleak picture for Apple and Samsung in the US market. These changes might hit the two brands hard as they are the biggest smartphone brands in the region. So here’s everything you need to know.
Apple & Samsung face higher US tariffs
The South Korean and Cupertino based giants could face hefty US tariffs, as per CCS Insight chief analyst Ben Wood who shared the details with MobileWorldLive. Donald Trump revealed the latest global tariffs on 2nd April 2025 that could result in higher prices being faced by US consumers. Wood stated that Apple and Samsung are the two biggest brands in terms of smartphone market share in the US. So these two could be hard hit by these tariffs as the heavily rely on foreign manufacturing like Vietnam and China.
These nations are known as manufacturing hubs and also top the list of tariff rates. China is being hit with a 34 percent tax while Vietnam faces 46 percent tariffs. The US leader further adds that China’s figure overall may be higher when considering all the other charges. In other words, the hike in cost for imports might affect consumers if nothing changes soon. Both Apple and Samsung’s profit margins would also take a hit, but the consumers could help cushion these additional costs.
To recall, both Samsung and Apple have been trying to reduce their reliance on China by shifting their product manufacturing away from the country. Some of the alternatives to China include both Vietnam and India, with the latter facing 26 percent tariffs.
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The post Apple & Samsung phones may get more expensive in the US soon over Trump’s new tariffs appeared first on Gizmochina.