Commerce Secretary Howard Lutnick sewed further confusion about President Donald Trump’s tariffs on tech products on Sunday. Speaking with ABC’s This Week, Lutnick said that the technology exemption from the Trump administration’s reciprocal tariffs on China was only temporary—tech companies should expect to see the levies hit under a “semiconductor tariff” at a later date.

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.

If you're considering buying a new iPhone 16, it's best to do so sooner rather than later as Trump's tariffs will take action soon.