Tech
D. Trump: will the price of tech products skyrocket in the United States? – Overclocking.com EN
As you know, D. Trump won the American presidential elections this year. Whether you like the new American president or not, his policies will have an impact on the tech world. His platform includes the implementation of additional taxes on imported products from China, Mexico and Taiwan. But “this choice will have consequences”.
Big business is stockpiling!
In concrete terms, Trump’s plan is to apply an additional tax on products from countries deemed to be anti-competitive. The aim is to encourage the relocation of production to the United States by taxing imported products. However, taxes mean higher prices, and initial estimates are chilling, as the bill could explode for high-tech products. According to the CTA (Corporate Transparency Act):
- Laptops and tablets could rise by 46%
- Game consoles could see their bill rise by 40%
- Smartphones would see their price rise by 26%
A major blow for the American people, who would see their bills rise significantly. However, still according to the CTA, these measures would not be enough to encourage the relocation of production to the USA, no. What they are likely to do is encourage exporting companies to move their factories to countries not targeted by these taxes, while killing consumption.
In the meantime, this plan is causing major tech players to break out in a cold sweat. Microsoft, Dell and HP are all asking their suppliers to increase production. The aim is to accumulate as much stock as possible before the taxes are implemented. What’s more, these companies have made known their intention to reduce their dependence on China, while encouraging their suppliers to open new production sites outside the territories affected by these taxes!