The Trump Administration's tariffs on international trade partners are expected to increase prices on tech products in the U.S., as many components are sourced overseas. Companies face options to manage rising costs: pass them onto consumers through price increases or absorb some themselves. Some tech leaders, like Acer CEO Jason Chen and Best Buy CEO Corie Barry, have indicated imminent price hikes. With various predictions regarding price changes, consumers are encouraged to consider buying tech soon before potential increases take effect.
Technology permeates nearly every dimension of our lives. Yet, much of that tech, whether the finished product or the component parts, is made overseas and shipped to the US.
Because tariffs will impose higher prices on goods imported into the US, companies importing parts or devices from overseas will pay higher prices.
Some tech companies have already issued statements expressing their intent to increase prices for buyers.
Companies are unlikely to bear the full cost of the tariffs, so the result for the consumer is naturally a higher price tag for the product.
Collection
[
|
...
]