Here’s the iPhone. Here’s the iPhone With Tariffs.

The dream of the Trump tariffs is to bring high-tech manufacturing to the U.S. The reality could be a bajillion-dollar iPhone.

Apple’s AAPL -7.29%

big moneymaker is a global patchwork. It has components sourced from all over the world, brought together primarily in China, where electronics manufacturing has been perfected over a generation. 

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