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tariffsCNBC
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82% Informative
A 60% tariff on China could cause laptop and tablet prices to increase by 45% , video game consoles by as much as 40% and smartphones by 26% , according to a report.
Trump is expected to reveal more details on which specific tariffs will be placed on imports from China , Canada , and Mexico on Saturday .
The world's most valuable chipmaker Nvidia announced in November that Foxconn was building a massive factory in Guadalajara , Mexico .
A 60% tariff on China would be a huge blow to U.S. consumers, according to a report by the CTA .
Laptop and tablet prices might increase by 45% , video game consoles by 40% and smartphones by as much as 26% .
A key difference between these tariffs and the ones from 2018 is that Trump has threatened placing tariffs that could apply to all products.
VR Score
85
Informative language
86
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35
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formal
Language
English
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54
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Attention-grabbing headline
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Time-value
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