Verizon & AT&T Stock Dips as Tariff Impact Hits Customers

Facing increased financial strain from new tariffs, telecommunications giants Verizon and AT&T are preparing to pass the cost onto their customers. The decision comes after President Trump’s announcement of new tariffs on mobile phone imports, prompting both companies to adjust pricing strategies. Executives at both firms have confirmed they won’t absorb these costs, prioritizing customer price hikes instead.