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Tech association warns Trump tariffs could reduce US purchasing power by $143 billion | Laptop and tablet sales could decline by as much as 68%
Trump has said he plans to impose 10% to 20% tariffs on imported goods, while imports from China will be hit with an additional 60% tariff. He...
With purchases of laptops and tablets declining by as much as 68%, the tariffs could spoil what is set to be a record year for technology retail revenue in the United States. The CTA writes that Americans are set to spend a record $537 billion on consumer technology this year, up 3.2%, but that doesn't factor in the potential impact of the tariffs. It was reported last month that Nvidia and AMD are increasing the production and shipping rate of their upcoming GPUs so they can avoid the Trump administration's tariffs – at least for a while.
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