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Proposed Trump Tariffs Increase PricesAndroid Police
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81% Informative
President-elect Donald Trump's proposed tariffs could impact the US consumer purchasing power of tech.
Laptop and tablet purchases may decline by as much as 68% , gaming console consumption could decline by 58% and smartphone consumption could decrease by up to 37% .
Tariffs have been circulating since 2018 , during Trump 's first presidential term.
In January 2018 , Trump imposed tariffs on solar panels and washing machines.
Tariffs should impact the dollar's value if everything goes right without pushback.
Higher taxes on imported goods might lead to sour relations with other countries, possibly increasing the price of other imports.
It's challenging to know everything about tariffs and their full impact until Trump takes office.
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