Shortly after the announcement of Trump's 'Liberation Day' tariffs, a court initially blocked them, citing the Emergency Economic Powers Act did not grant him such powers. However, after an appeal, the tariffs have been reinstated until a ruling on June 9, necessitating both parties to present their arguments. Apple is particularly vulnerable, having heavily invested in international operations, and is expected to suffer a loss of $900 million in Q2 2025. This may also lead to increased prices for consumers, particularly affecting the iPhone 17 market.
According to the court, the Emergency Economic Powers Act doesn't grant the president power to control trade. That's Congress territory.
However, after a subsequent appeal, the tariffs are back in effect, at least until June 9.
Apple is one of the companies that will take a huge hit, as it has invested heavily in its international supply chain over the years.
Reportedly, Apple will potentially lose $900 million in Q2 2025 and may see a significant surge in iPhone 17 prices this year.
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