The article discusses the implications of President Trump's newly announced tariffs on electronics imports from China and other countries, with China facing a staggering 54% tariff. This could result in higher prices for consumer electronics, prompting discussions about whether consumers should purchase items now to avoid future price hikes. Tech industry experts, including Best Buy's CEO and analyst Dan Ives, express concern that if forced to manufacture in the US, prices for gadgets like iPhones could double or triple, delivering an additional incentive for immediate purchases.
It's hard not to expect prices to increase due to the draconian tariffs on imports from China and other tech manufacturing hubs.
If consumers want a $3,500 iPhone, we should make them in New Jersey or Texas—producing in the US would be 2x-3x more expensive.
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