This estimate that iPhones would cost $3,500 if made in the US has me terrified of tariffs and the concept of a mid-range gaming laptop costing $5,000 and high-end models hitting nearly $15,000

One of the key stated aims of the Trump administration's tariffs is to bring back production of all kinds of goods to the USA. But how much would they cost if that actually happened? One analyst estimates iPhone prices would spike to $3,500. What's more, it would take fully three years to build up the supply chains to move just 10% of iPhone production to the US.

Dan Ives, global head of technology research at financial services firm Wedbush Securities, told CNN that iPhone prices would...