Rival tech giants, along with other corporations that will be affected, are racing to get their products into the United States before Jan. 20, when Trump’s new price lists are expected to take effect.
Trump plans to impose price lists of 10% to 20% on imported products, while imports from China will be hit by a special 60% tariff. Its purpose is to bring production back to the United States.
In fact, manufacturers will pass on some of those new prices to consumers in the form of higher promotional prices. That means laptops, smartphones, monitors, desktops and TVs, most of which are mostly made in China, would be more expensive.
Manufacturers are looking to store their products in the United States before Jan. 20 to avoid passing on the tariff hike to customers, as a sudden increase in value would undoubtedly have an effect on demand. But corporations won’t be able to avoid driving up values forever.
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