One of the reasons electronics are so cheap in America is its robust trade relationship with China.
During the campaign, Trump said hed impose a baseline 60% tariff on Chinese exports.
If he does that, the price of all the stuff gamers love is going to go up.
U.S. President Donald Trump, right, and Xi Jinping, China’s president, greet attendees waving American and Chinese national flags during a welcome ceremony outside the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017.© Qilai Shen/Bloomberg via Getty Images
Laptop prices could spike by almost 50%.
The Switch 2 may be backward compatible, but it may cost quite a bit more than the original.
Trump campaigned on punishing China for a perceived trade imbalance with the United States.
Trumps broad plan is to encourage a return of U.S. manufacturing through restrictive tariffs.
A tariff is a flat tax on a trade good.
China does not pay the cost of those tariffs.
The companies importing the goods from China do.
Critically though, those other countries would not be the United States.
Its still too expensive to make stuff in America and keep costs down.
Across the board, the tariffs will cause significant price increases for the U.S. consumer, the study said.
That kind of increase would put the cost of the forthcoming PS5 Pro at just under $1,000.
Tariffs are regressive taxes that Americans pay.
Theyre not paid by a foreign government, Brzytwa said.
Trumps tariff promise is probably one hell keep.
Its impossible to know if theyll be able to pull off the same feat this time around.
The price after might skyrocket.
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