Panic buying has hit Apple stores across the U.S. as people rush to buy iPhones before a possible 125% import tariff on Chinese goods, announced by the Trump administration.

 

 

Panic buying has hit Apple stores across the U.S. as people rush to buy iPhones before a possible 125% import tariff on Chinese goods, announced by the Trump administration.

Apple employees say the crowds feel like a holiday rush, with many worried that iPhone prices could skyrocket. To keep up with demand and avoid future tariffs, Apple is flying in emergency stock.

The White House is urging Apple to move its production to the U.S., but experts say that’s not realistic right now — and it could push future iPhone prices up to $3,500.