Tariff Impact: Apple’s high-end smartphones priced at $2,300, putting pressure on American consumers.
Volkswagen of Germany plans to increase "import fees" in the U.S. market in response to Trump's new tariffs. This measure reflects the automaker's reaction to a 25% import tariff, which on complete vehicles came into effect last week, while tariffs on parts will take effect in May. Experts indicate that low-income consumers may be the most affected, as prices of goods will generally rise, although the overall impact on the U.S. economy may be limited. Trump stated that these tariffs could enhance the U.S. position in trade negotiations, although the market reacted negatively, with declines in both the stock market and oil prices.