President Trump is threatening to slap a huge 50% tariff on goods from the EU starting June 1, citing stalled trade talks. On top of that, he’s targeting smartphones like iPhones with a 25% tax if they’re not made in the U.S. Experts warn this could mean massive price jumps, a $1,200 iPhone might cost nearly three times more if made stateside. 

Importers and sellers should watch this closely as costs could surge soon. What’s your game plan?