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Trump tariffs could raise prices on technology like laptops, smartphones and AI
Trade groups and consultants warn that trade wars spurred by Trump's tariffs could slow global commerce and raise prices for consumers.
With Apple, Microsoft and Tesla reporting their December quarter earnings this week, investors will want to know how Trump's threats of blanket tariffs on the country's top trading partners could affect their businesses. Trump may be looking to close a "loophole" where Chinese companies can avoid tariffs on their end by expanding in Mexico, said Simon Geale, executive vice president of Proxima, a supply chain consultancy that's part of Bain & Co. With Apple, Microsoft and Tesla reporting December quarter earnings this week, investors will want to know how Trump's threats of tariffs on the top U.S. trading partners could affect their businesses.
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