Facing the brunt of the on going trade war between China and US,  iPhones will get around $100 more expensive in the US.

On August 1, US President Donald Trump announced that his administration will put 10% additional tariffs on $300 billion goods and products coming from China starting from next month.

The recent tariffs will affect products like Chinese toys, clothing, shoes, and iPhones. The Apple product would be around $100 more expensive in the US once new 10 per cent tariff on $300 billion in goods imported from China comes into place from September 1.

The announcement, which adds to the 25% tariffs on $250 billion worth of Chinese products, also means that soon there will be no free trade between the two countries.

“iPhone sales in the US, China and other markets could fall by 8 million to 10 million,” CBS News reported late Friday, quoting analysts. Apple lost $42 billion in stock value after Trump tweeted new tariffs on China on August 1. Apple XS Max starts at $1,099 and new 10 per cent tariff would mean a roughly $110 hike.

Trump’s announcement prompted a swift rebuke from Beijing and jolted global financial markets. However, Trump also mentioned that he is open for a “positive dialogue with China on a comprehensive Trade Deal.”

The development comes after the latest round of talks, led by US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin with Chinese delegation headed by Vice Premier Liu He in Shanghai, showed little sign of a breakthrough.

Trump also said that tariffs could be lifted further in stages to more than 25 per cent. Over the past year, China and the US have imposed tariffs on billions of dollars of one another’s goods.