Trump announced the 90-day pause on his social media platform for all countries except China because "these countries have not, at my strong suggestion, retaliated in any way, shape or form." China, where Apple produces most of its products,

The price tag for Apple’s iPhones may increase by more than 40% after President Donald Trump announced sweeping reciprocal tariffs on U.S. trade partners, analysts said Thursday, as Trump’s trade policies will likely increase prices across several imported goods, including new cars, coffee, chocolate and other products.

The Trump administration's massive tariffs on China have Apple reportedly flying planes full of iPhones to the U.S. and consumers rushing to buy them before the prices potentially skyrocket. Why it matters: The iPhone maker is one of many large companies caught up in an escalating trade war between the world's two biggest economies.