When the Trump administration paused most of its threatened tariffs last week, a few levies remained – Chinese goods entering the U.S. still face up to 245% in levies.
Those rates are a lot lower for many tech items, but are still far above the rates levied during the Biden administration. Most observers expect prices for tech gadgets to rise as a result.
But what impact have tariffs had on consumer prices so far? Tech expert Omar Gallaga wrote for CNET about how accessories from one company have already been affected.
Highlights from this segment:
– Anker makes chargers, docking stations, battery packs and other tech accessories in China.
– A survey of prices for 127 Anker products on Amazon found an average increase of 18% over pre-tariff levels.
– It’s likely that retailers and manufacturers who have not yet increased prices are still selling inventory they had on-hand before tariffs were enacted.
– Consumers should avoid “panic buying” in response to tariffs. To keep an eye on Amazon prices, check out camelcamelcamel.
