Get your new smartphone now before tariffs impact the price
The Podcast host Josh Holmes weighs after President Donald Trump moved to social media to explain his plan to tariffs and discusses Elon Mushk remarks during the first cabinet.
Some President Donald Trump Tuesday tariffs came into force, including the last import of import from China.
Imports from China, the main manufacturer of smartphones, their parts and other technologies, hit another 10% tariff. It was built on a 10% charge, which the president has already imposed on earth in early February.
President Donald Trump signed a number of executives at the White House office on February 10. (Andrew Werad / Getty Images / Getty Images)
In addition to the new import tariff ShirtThe administration also carried out tariffs from both Canada and Mexico, graduating from the recession on these charges.
This step has raised questions about how consumer prices for new smartphones can affect the short-term and long-term prospects of tariffs, particularly to import from China.
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About 78% of the import of the US smartphone comes from China, said the Consumer Technology Association.
RKs Design FOUNDER Ravi Sawhney is “unlikely to see the noticeable price of” Smartphones “smartphones.
He added that companies “often absorb short-term expenses, not immediately transfer to consumers.”
Crowell Global Consultants World Life Science Chair Joseph Dammond suggested such a prospect on short-term smartphones, saying that consumers can be directly increased with the production and distribution of new phones.
Samsung Electronics Co. Galaxy S24 Ultra smartphones are displayed in Samsung store in Seoul, South Korea, Friday, 2024. October 4. (Seongjoon Cho / Bloomberg Getty Images / Getty Images)
“If the sellers believe that tariffs would be temporary and will be used as a negotiating tactic, they do not immediately increase their prices immediately. “Nevertheless, if tariffs are supposedly permanent, the firms may want to raise their prices. If consumer demand is not too sensitive to price change, most of the tariff will be transferred to the consumer. “
Meanwhile, economist Mikael Szanto offered tariffs in the near future “moderate impact on smartphones price.”
“The last series of Trump’s tariffs is largely released by Apple iPhones, which is mainly gathered in China, but Wall Street is worried that this time it may be different,” he said.
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Prices for “probably” smartphones can rise in the medium term, according to Damond, but manufacturers “can take steps to make production on tariffs to not run longer-term costs.
“If these tariffs remain in place, we could see the gradual prices of the next few months,” he predicted long-term. “Manufacturers or will absorb higher production costs, transporting supplies to the supply networks directly to consumers directly.”
He said that Fox Business consumers may be possible that “flag-bearing devices” are more expensive or “reduced promotions and trade stimuli”, as well as “more aggressive wedding”.
BAIER could also chase the companies from China to move to smartphone places as a longer response to the country’s tariff.
“Even if rare land materials, semiconductors, batteries and other component parts are manufactured in China, as long as there are enough ingredients in other countries,” he predicted. “When the products are delivered from another country to the United States, it is not subject to tariffs, although it has some components produced in China. The US customs and borders protection Evaluates whether the good has been transformed to avoid the tariff. ”
According to Szanto, tariffs can lead to a trade war.
“The other thing we should see is possible, the growing tension is a potentially hostile communist China is a growing military threat to Taiwan,” he said.
There were 1.24 billion worldwide Delivery of smartphones By manufacturers in 2024, according to the International Data Corporation report.
IPhones are displayed in Apple Store on February 3, 2023 in New York. (Leonardo Munoz / ViewPress Via Getty Images / Getty Images)
91% of American adults in the United States in 2024 The owner of smartphones, the Pew Research Center found last year in research.
Trump says tariffs for “foreign” agricultural products will begin on April 2
When Trump opened tariffs on Canada and Mexico and preliminary charges against China In FebruaryThe White House said that it strives to push the three countries to take steps to curb drugs and enter the US illegal immigration
The President opened additional tariff plans for China last month.
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