Trump Tariffs: The era of cheap gadgets in America is probably about to end. The new move of Donald Trump administration has created a stir in the tech world. The plan is that now tariff will be imposed on foreign electronic products according to the count of chips present in them.
That means, be it a small electronic toothbrush or your high-end laptop – the prices of all will skyrocket!
Trump’s masterstroke
- The Commerce Department wants the tariff to be charged on the value of each chip.
- The goal: to force companies to bring their manufacturing back to America.
- The Trump administration has already made it clear – “Dependency on foreign chips must be ended.”
Inflation hits the pocket
- Toothbrush, smartphone, laptop… all will be expensive.
- Inflation in America is still above the target of 2%, now another shock is certain.
- Experts say – “Domestic goods will also not be cheap, because there will be tariff on their inputs also.”
Trump Tariffs: Rebate or Trick?
- Recently, 100% tariff has been imposed on medicines and 25% tariff on heavy-duty trucks.
- Now the question – Which products will be brought under the ambit of tariff?
- Trump’s offer: If a company shifts half of its production to America, then exemption is possible.
How heavy will the tariff be?
- Consideration of 25% tariff on electronic goods.
- Suggestion of 15% tariff on products coming from Japan and EU.
- The formula “Invest in America = Rebate” to woo companies.
Result: Earthquake in Tech World
- Flood of expensive gadgets in the American market.
- Pressure on foreign companies and effect of double cost on domestic companies.
- Big blow to the pockets of common people – it will be difficult to buy smartphones, laptops and small gadgets.
