Samsung Galaxy phones may get up to 40% costlier in the US if tariffs are imposed: Report
Samsung
Galaxy smartphones could see a steep price hike in the US, with estimates suggesting an increase of up to 30- 40%, if proposed tariffs on foreign-made phones come into effect.
The development follows a statement by US president
Donald Trump
, who confirmed that a 25% tariff would apply to all smartphones manufactured abroad and sold in the American market, not just Apple devices as initially implied. 'It would be also Samsung and anybody that makes that product, otherwise it wouldn't be fair,' Trump told reporters. 'When they build their plant here, there is no tariff.'
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'American jobs come first': Trump throws cold water over Apple's Make in India plans
The clarification has raised concerns within the smartphone industry, especially with the proposed deadline for implementation approaching at the end of June. According to South Korean publication FNNews, Samsung is particularly exposed, as it has no smartphone manufacturing presence in the US. Most of its devices are made in Vietnam and other overseas locations.
The report warns that prices for the upcoming Galaxy Z Fold 7 and Flip 7 models could rise significantly, with the Fold 7 potentially reaching $2,500. This would represent a sharp increase from the previous generation.
Parts of South Korea's tech industry have reportedly declared an 'emergency' in response to the threat. The US premium smartphone market is a key focus for Samsung, and a substantial price hike could undermine its competitiveness against local companies such as Apple.
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However, there is still uncertainty over whether the tariffs will be implemented.
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