Tariffs articles

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Best Buy and Target brace for price hikes as Trump's tariffs take effect

Trump administration enacts 25 percent tariffs on Mexico and Canada, increases anti-China tariffs to 20 percent
The big picture: President Trump's long-feared tariffs on Mexican, Canadian, and Chinese imports have finally arrived. As retaliatory tariffs from the affected countries launch a trade war that could severely slow the global economy, retail executives warn consumers to expect price hikes.
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Trump's anti-China tariffs go live, could drive up consumer electronics prices

Tariffs on Chinese goods are lower than initially feared, for now
The big picture: President Trump's long-discussed tariffs have taken effect. While the initial duties are not as severe as anticipated, they remain far-reaching. China has already responded in kind, and the resulting trade war is expected to impact a wide range of electronics and other products, pushing prices into uncharted territory.
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Economists warn that Trump's tariffs could cause tech prices to skyrocket

Study says laptop prices could increase up to 45%, monitors up to 50%, many other products affected
The big picture: If Trump were to implement his proposed tariffs upon becoming president again, it would significantly reshape the landscape of consumer electronics in the US. Economic policy discussions can often seem abstract, but it's important to understand the real-world consequences these tariffs could bring.