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It seems that the cost of the latest technologies rises every year – but this year Smart phone and PC prices It can climb higher due to the definitions.
Last week, President Donald Trump imposed a 10 % tariff on imports from China, a step expected by experts that will be the prices of imported technology and electronics, including the Apple manufactured products in China, such as China, like China, such as iphoneand IPAD devicesand Macbox and AirPods.
“I expect many elements that come from China or have spare parts in China to increase prices,” he said. Doug CurryHe is a legal financial analyst and head of Wealtetrace, a financial planning software company.
If you are on the market to get a new Apple device or an imported games system, such as PlayStation 5 Pro, here is how the definitions can raise prices and what you must do to prepare.
What happens with definitions?
On the first of February, President Trump’s implementation entered into force on imports from China. On February 5. This customs tariff for small value packages (those less than $ 800) has been stopped until “adequate systems in place to completely and quickly address the customs tariff revenues,” he said, according to what he said. Executive order.
On the other hand, China imposed 10 % to 15 % on some American goods, including coal and raw oil, which was implemented on February 10. Trump is expected to impose a new tariff in revenge.
Products imported from China are already subject to the tariff that Trump has requested during his first term in his post. The latest definitions means that prices on these goods may rise.
The Trump administration has also planned to implement definitions on imports from Canada and Mexico, but it stopped this tariff for at least a month amid negotiations with both countries.
Customs duties are designed in theory to financially influence other countries where taxes are imposed on their goods. Customs duties are paid by the American company that imports the product, and these fees are usually transferred – but not always – to the consumer in the form of higher prices.
How much can IPhone and MacBook increase?
Experts expect the definitions imposed on products from China – and possibly Canada and Mexico – will be translated into higher prices. This means that the technology it uses every day, such as imported smartphones, tablets and laptops, TV devices Even KitchenIt can become more expensive this year.
How can it look like that? If the full cost is transferred to shoppers, we may see an increase of 10 %. For example, a 13 inch MacBook Air It currently starts from $ 849 on Amazon; 10 % increased the basic price to $ 934. the iPhone 16 ProAnd that starts from $ 1,000 in T-Mobile, can jump up to $ 1100.
There is also an opportunity for Trump to be able to put definitions on chips, which may affect the price of the products you use, but this has not yet been determined. A 10 % tariff on the goods made in China does not necessarily mean that prices will rise in the same amount. In some cases, it may not increase much, if any.
If companies want to maintain competition, they may absorb some costs to maintain their prices lower, Stephen ConersCertified Real Estate and President Convert Management. but, Sean Dobroak“Some companies may turn into not importing products from China, which may lead to increasing imports from other countries this year.
Read more: The higher definitions can make going to solar energy more expensive
Should you buy technology now to avoid definitions later?
If you are planning to buy a new iPhone, gaming unit, MacBook, or other technologies, then their purchase can now save you money.
“For this reason, the items that people should think about buying now instead are smartphones, tablets, laptops, TVs, furniture, kitchen appliances, clothes and shoes,” Carrie said.
But if you do not have money on hand and plan to use a credit card or buy now, then pay only later to avoid customs tariffs, experts say. With average interest rates for credit cards more than 20 %, The cost of financing a large purchase Any savings you will get by purchasing before the prices rise due to the definitions.
“I do not recommend any panic purchases, especially if these elements are not necessary,” said Connez.
One of the savings methods, even if the prices have risen, are the purchase of the model last year instead of the latest version.
Dubravac said: “If you are not planning to upgrade next year, there is no need to rush to buy a new smartphone,” said Dubravac. “Technology is naturally considered contraction, which means that performance over time rises and that prices are generally decreased to obtain similar quality.”