US consumers could see a surge in tech prices under Donald Trump's proposed tariffs.Jeff Greenberg/Jeffrey Greenberg/Universal Images Group via Getty ImagesAmericans' favorite tech gadgets could surge in price under Donald Trump's proposed tariffs, per a new report.The president-elect vowed to install tariffs of 10% on US imports and 60% on Chinese goods.An October report on consumer technology found laptops, smartphones, and TVs would surge in price.Buying a new television now instead of next year could save you hundreds of dollars.Under President-elect Donald Trump's proposed tariff plans, consumers will likely see prices surge on big-ticket purchases, including several popular tech items and gadgets, according to a Consumer Technology Association October report.Trump has vowed to install a blanket tariff of 10% to 20% on all imports and a flat, additional tariff of at least 60% on Chinese goods — a move many economists have warned will raise prices for American consumers and lead to inflation.During his first term, Trump made good on many of his campaign economic promises, imposing a wave of tariffs in 2018 and 2019 on certain US imports from China, including steel, semiconductors, and EVs.Economists cited in a Cato Institute report from earlier this year estimated that Trump's first-term tariffs cost the average American household about $830 a year.Trump has said his proposed tariffs would not increase prices for US consumers.

BING NEWS:
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    Economists cited in a Cato Institute report from earlier this year estimated that Trump's first-term tariffs cost the average American household about $830 a year. Trump has said his proposed ...
    11/12/2024 - 10:32 am | View Link
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  • Laptop, smartphone, and game console prices could soar after the election
    If companies cannot cost ... finding that Trump's proposed tariffs "will cause significant price increases," potentially nearly doubling the price of laptops. Video game console prices may rise by 40 ...
    11/3/2024 - 5:00 pm | View Link
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