U.S. tariffs on China-made consumer tech goods seen cutting sales, delaying upgrades

U.S. tariffs on China-made consumer tech goods seen cutting sales, delaying upgrades

24/06 - 18:14 - U.S. consumers will delay or forgo technology upgrades if President Donald Trump imposes a new round of 25% tariffs on Chinese goods, slowing the U.S. innovation engine, technology industry executives said on Monday.

Trump’s administration is preparing to levy tariffs on an additional $300 billion worth of Chinese imports after a public comment period ends on July 2 if the U.S. and Chinese presidents cannot relaunch talks to end their trade war.

The two countries have been at odds since July 2018 over a host of U.S. demands that Beijing adopt policy changes that would better protect American intellectual property and make China’s market more accessible to U.S. companies.

Consumer technology products, including cellphones, laptop and tablet computers, smart speakers and video gaming consoles, would make up $167 billion of that $300 billion total, or more than half the target list, said Sage Chandler, vice president of international trade for the Consumer Technology Association.

Chandler told a hearing on the tariffs hosted by the U.S. Trade Representative’s office that imposing the tariffs would raise the retail price of cellphones by an average of $70, while the price of laptop computers would rise by $120 and video game consoles by $56.

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