The Consumer Technology Association predicts significant price increases for consumer electronics in the US if Donald Trump implements his proposed import tariffs. The report examines two scenarios, one with a 10% global tariff and a 60% surcharge on Chinese imports, and another with a 20% global tariff and a 100% surcharge on Chinese imports. According to the CTA, these tariffs could reduce consumer spending power by $90 billion to $143 billion annually, with the most notable price hikes for laptops, tablets, and smartphones.
The Consumer Technology Association has issued some fresh predictions for how much more Americans may have to pay for their hardware if Donald Trump's hard-line import tariffs are imposed.looks at two scenarios that have been floated by the incoming president: If Trump announces a global 10 percent import tariff and imposes an additional 60 percent for China; or if he raises global import tariffs to 20 percent with an additional 100 percent for China.
"Price increases would be substantial if suppliers pass all the higher costs through to final consumers. Buyers of laptops, tablets and smartphones would feel the greatest impact."
Trump Tariffs Import Tariffs Consumer Electronics Price Hikes US Economy
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