An estimate from the Consumer Technology Association (CTA) examines how Trump’s proposed tariffs could cause price increases across the electronics industry.
The report warns buyers of laptops, tablets and smartphones would feel the greatest impact as these products are made in China — the chief target of Trump’s tariffs.
The study specifically looks at Trump’s proposal to tariff all foreign imports at 10 per cent while also levying another 60 per cent in tariffs on Chinese imports.
If PC makers decide to fully pass on the tariff costs to consumers, then laptop and tablet prices would likely jump by an average of 45 per cent.
That’s because China produces about 79 per cent of all laptop and tablet products while US output would only increase by an estimated eight per cent of Trump’s tariffs took effect.
Smartphones would increase to $213 while video game consoles could jump by $246.
The study, which was conducted through the research firm Trade Partnership Worldwide, arrived at the price increases by factoring the tariffs against supply and demand and trade levels between various countries.
On the whole, it might be better for US cititzens to buy any electronics before Trump is sworn in and make sure it can last four years. After that electronics will only be affordable by the rich.