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How will the tariffs affect the prices of consumer tech like smartphones and laptops?
- US tariffs on exports from 75 countries were predicted to increase prices of consumer tech like smartphones and laptops, with the next iPhones possibly costing around $2,150 and sales of laptops and tablets expected to drop by up to 68%.
- Fortunately, late Friday exemptions were revealed by US Customs and Border Protection, providing relief to smartphones, computers, semiconductors, and other electronics from most of the tariffs.
- The exemptions cover essentials like smartphones, laptops, hard drives, processors, memory chips, AR/VR headsets, computer components, monitors, smart-home devices, smartwatches, solar panels, tablets, and networking gear.
- However, some electronics like video game consoles, portable handhelds, speakers, headphones, and health trackers were not marked exempt, potentially leading to price increases.
- For Apple, manufacturing iPhones in the US is not feasible, and they are focusing on production in countries like India to avoid Chinese tariffs.
- Countries like Thailand, Vietnam, Malaysia, and Indonesia have a 90-day tariff pause until July, allowing Apple to continue production without US retaliation, albeit with a 10% tariff.
- NVIDIA, a key player in AI technology, has been impacted by US tariffs and new fees on semiconductor imports, leading to market value reductions and complications in supply chains.
- Despite exemptions, the situation with tariffs and tech products remains fluid, emphasizing the need to stay informed about potential changes that could affect pricing and availability.
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