In an explosive announcement that could send consumer prices soaring, former President Donald Trump has threatened a staggering 25% tariff on iPhones unless Apple shifts its manufacturing to the United States. Speaking today, Trump declared that this tariff, set to take effect by the end of June, would not only impact Apple but also Samsung and other manufacturers, effectively putting the squeeze on American consumers who rely on these products.

Market analysts are already warning of dire consequences: a fully American-made iPhone could cost upwards of $3,500, a staggering increase from its current price of just over $1,000. “Either way, you’ll be paying more,” experts warn, as Trump’s tariffs threaten to inflate costs dramatically without guaranteeing any domestic production.

In a brazen move, Trump dismissed concerns over the tariffs, insisting that companies like Walmart could absorb the costs. However, this contradicts his previous claims that tariffs would only be borne by foreign companies. As the political landscape heats up, it becomes clear that American consumers will bear the brunt of this policy, facing imminent price hikes on essential technology.

Meanwhile, as prices threaten to escalate, Trump is reaping financial rewards from a recent high-stakes dinner with top investors, raising nearly $400 million for his crypto ventures. Critics argue that while the former president claims to champion the middle class, his policies are lining his own pockets.

With every statement and decision, the stakes are rising for millions of Americans. As consumers brace for a potential economic upheaval, the urgency of the situation is palpable. The clock is ticking, and the ramifications of Trump’s tariffs could reshape the landscape of American consumerism in the blink of an eye. Stay tuned as this story develops—your wallet could be the next casualty in this unfolding economic battle.