President Trump’s administration has been predicting its barrage of tariffs targeting China will push Apple into manufacturing the iPhone in the US. But that’s an unlikely scenario.

Apple iPhones could become even pricier under President Trump's reciprocal tariffs on roughly 90 foreign nations, which were slated to take effect Wednesday, but are now on hold for 90 days, with the exception of levies on China.

Exempting electronics from US tariffs is a stunning about-turn by the Trump administration after 10 days of chaos.