Even if gadget prices surge, we have plenty of cheaper options, like buying last year’s phone model instead of the latest and greatest.

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.

Before the latest exemption, the iPhone maker had a plan: adjust its supply chain to make more U.S.-bound iPhones in India, which would have been subject to far lower levies.