Trump's Tariff Threatens Tech Businesses

This is a China news story, published by CNBC, that relates primarily to Trump news.

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tariffs

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Trump tariffs could raise prices on technology like laptops, smartphones and AI

Summary

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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.

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formal

Language

English