New Delhi, April 13 -- The ongoing trade tussle between the U.S. and the rest of the world increasingly looks like a war between the U.S. and China, though other countries are equally impacted. But with major tech manufacturers like Apple offshoring their production to China, the country has found itself in the driver's seat.

"In the days since Trump's tariff announcement, Apple lost over $640 billion in market value," CNBC reported. The cost of an iPhone under Trump's tariff plan could have ballooned to as high as $3,500 under some estimates, a per the report.

The impact of Trump's tariffs was felt far and wide, with questions raised about whether they were truly necessary. Former U.S. President Biden handed the U.S. economy to Trump i...