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Laptop, smartphone, and game console prices could soar after the election | Most Americans may not realize popular tech hasn't been hit by China tariffs—yet.
Most Americans may not realize popular tech hasn’t been hit by China tariffs—yet.
If companies cannot cost-effectively or practically switch suppliers—as is the case with China, which is a dominant global manufacturing hub in the tech industry—shrinking profit margins can trigger US businesses to spike prices for consumers. They are supposedly targeted to address national security concerns and protect against China's unfair trade practices harming US intellectual property, technology transfer, and innovation, but experts have warned that some tariffs seem to be motivated by political grandstanding. They applied not only to nearly 50 percent of finished consumer technology products but also to the components that are necessary to make those products in the United States, forcing tech companies to either pay up to continue doing business with China or find another way to sustain their supply chains while keeping prices low.
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