If Trump wins, get your tech shopping done fast

Donald Trump's potential re-election could lead to significant changes in U.S. trade policy, particularly through the imposition of high tariffs on imports, especially from China. Trump has proposed tariffs ranging from 10-20% initially, escalating to 60% on Chinese goods, which he argues would bolster American manufacturing and generate tax revenue. Critics, including Kamala Harris, label these tariffs as a burden on American consumers. The Consumer Technology Association warns that such tariffs could drastically increase prices for consumer electronics, predicting a 46% rise in laptop costs and a 40% increase for gaming consoles, leading to a substantial drop in demand. The report suggests that the tariffs would not only raise prices but could also result in job losses and reduced productivity in the tech sector. While some manufacturers may benefit from sourcing outside China, the overall impact on the tech industry is expected to be negative, with many companies likely passing increased costs onto consumers. The proposed tariffs could also lead to retaliatory measures from other countries, further complicating the economic landscape. Overall, the anticipated tariffs could significantly affect the affordability of technology for American consumers and potentially hinder economic growth.

- Trump's proposed tariffs could reach 60% on Chinese imports.

- The Consumer Technology Association predicts significant price increases for electronics.

- Increased tariffs may lead to job losses and reduced productivity in the tech sector.

- Companies are likely to pass tariff costs onto consumers, raising prices.

- Retaliatory tariffs from other countries could further complicate trade relations.