To ensure tariffs didn’t apply to more iPhones than necessary, Apple moved 1.5 million iPhones into the States — which means fewer potential price rises, maybe.

The exemptions suggest an increasing awareness within the Trump administration of the pain that his tariffs had in store for inflation-weary consumers, especially on popular products such as smartphones, laptops and other electronics.

The iPhone 16 Pro Max 256 GB, which is among the devices that are assembled in China, retails for $1,199. Under the new tariffs on Chinese imports, the price of the device could rise by $675, or 56%, lifting the price tag to $1,874, an April 9 analysts from UBS Investment Research shows.