India, April 7 -- The Apple iPhone could cost upwards of $2000 in the United States in the near future due to President Donald Trump's sweeping tariffs on imports from China and other countries.

According to a report by the Wall Street Journal, Apple's total cost of parts for the 256 GB variant of the iPhone 16 Pro, for example, will go from $550 to $820. The increase is due to a hike of 54 percent on imports from China, WSJ quoted TechInsights analyst Wayne Lam as saying.

The vast majority of iPhones are assembled in China, but the tech giant uses parts from all over the world to make the finished product.

The total cost of iPhone manufacturing is likely to go up by 43 percent, according to analysts quoted in a Reuters report. This in...