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Trump tariffs would increase laptop prices by $350+, other electronics by as much as 40%
GOP candidate proposes a 60% tariff on Chinese goods, 10-plus percent on those from other countries.
And according to a recent report by the CTA (Consumer Technology Association), even Trump’s lowest proposed tariffs would have huge inflationary effects on the cost of popular gadgets such as laptops, monitors, TVs, smartphones, and desktop computers. Brzytwa said that nearly 100% of the cost of past tariffs, such as those previously imposed by the Trump and Biden administrations against certain Chinese imports (semiconductors, batteries, steel, minerals, electric vehicles, medical products), were passed through to consumers. In 2020, Trump imposed and Biden has continued huge tariffs on specific types of products from China, including semiconductors, lithium-ion batteries, electric vehicles, certain minerals, ship-to-shore cranes, medical equipment, and an extra levy on steel and aluminum.
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