The Friday announcement from the president came after a week of ups and downs, including Moody's downgrading the nation's credit rating.

Price increases are becoming the norm amid Trump's tariff policies, even as the president clashes with companies like Apple and Walmart.

Is now a good time to upgrade your iPhone? Not since the lights nearly went out on TikTok have U.S. consumers been so rattled. That might be an overstatement, but President Donald Trump has shown he has the power to save or cause trouble for companies that don’t adhere to his political agenda — and Apple is no exception.