Of course, you’re not wrong. Apple could subsidize by absorbing part of the tariff in the U.S. and overcharging in the EU. That said, in the EU we have a two-

Of course, you’re not wrong. Apple could subsidize by absorbing part of the tariff in the U.S. and overcharging in the EU. That said, in the EU we have a two-year warranty. VAT in the U.S. is no more than 12%.