New Delhi, April 4 -- US President Donald Trump's reciprocal tariffs have sparked fears of a global trade war and raised the possibility of steep price increases for several goods, including Apple's iPhones.

With tariffs coming into effect, a high-end iPhone is estimated to cost nearly $2,300 if Apple passes the costs on to consumers, according to a report by news agency Reuters citing projections from Rosenblatt Securities.

Apple iPhones remain the hardest hit by Trump's tariffs with nearly 30 per cent to 40 per cent increase in costs for customers with tariffs coming into effect.

The majority of iPhones are manufactured in China, where a reciprocal tariff of 54% has been imposed. With this tariff, Apple will have to choose between ab...