The chairman of Pegatron, a key iPhone manufacturer, says he won't react to Trump's tariffs in the short term, but US consumers will soon face empty shelves.

Taiwan's Pegatron, an important supplier to Apple and Dell, said on Monday that President Donald Trump's tariffs were confusing U.S. customers and risked leading to shortages of consumer electronics in the United States.

President Donald Trump's tariff onslaught raised levies on China to 145% in early April, since then cargo shipments have plummeted, perhaps by as much as 60%. That drastic reduction in goods from one of the largest US trading partners hasn't been felt by many Americans yet,