Buying a new phone? Why you shouldn’t panic about tariff price hikes

News Snapshot:

Customers use iPhones in front of an Apple store in San Francisco, California on Tuesday, June 11, 2024. - David Paul Morris/Bloomberg/Getty Images First, the bad news: Your next smartphone might be more expensive because of President Donald Trump’s recently imposed 10% tariff on Chinese imports. But here’s the silver lining: It may be a while before smartphone prices start to rise – and those higher costs might not sting as much as expected. There’s a good chance the phone you want to buy is already in the United States, whether it’s a new device sitting in a warehouse or...