You May Soon Pay More for Apple Devices. Experts Weigh In on Trump’s Latest Tariffs
The cost of the latest technology seems to be rising every year – but this year cell phone and Laptop price It may be higher due to tariffs.
This week, U.S. President Donald Trump announced a 10% tariff on Chinese imports after imposing a 10% tax last month. Experts expect that the cumulative 20% tariff will increase the price of Apple products produced in China, e.g. iPhone,,,,, iPad,,,,, MacBooks and airpodsbut not necessarily at the same speed.
Tax transactions this week
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“Recent tariffs could raise Apple product prices by about 5-10% in the coming months,” he said. Stephan ShipeThe certified financial planner and academic financial advice CEO said in an email. “Apple has traditionally absorbed the biggest tariff impact, but the company may need to transfer some of that fee to consumers.”
Target and Best Buy warned consumers this week that expect everything to rise. The latest round of tariffs Take effect. Last month’s tariff rate hike has prompted Acer to announce it’s Increase laptop price.
If you are buying a new Apple device or imported gaming system on the market, e.g. PlayStation 5 ProThis is how tariffs can raise prices and what you should prepare for.
What’s wrong with the tariffs?
Trump announced a 10% tariff on Chinese imports, a 10% tariff on Chinese imports he announced in early February. China responded to each round of tariffs on U.S. products, including coal, crude oil and agricultural products such as chicken, beef, soybeans, wheat and pork.
Products imported from China have been subject to tariffs ordered by Trump during his term. The latest round of tariffs means the prices of these goods may rise.
The Trump administration also imposes a 25% tariff on imports from imports Mexico and Canada The last month was suspended in negotiations with the two countries.
In theory, tariffs are intended to tax other countries’ goods, thereby financially affecting other countries. The tariffs are paid for importing products from U.S. companies, and this UpCharge usually (but not always) transfers it to consumers at a higher price.
How much can iPhone and MacBook prices rise?
Experts expect tariffs on products from China, as well as Canada and Mexico, to translate into higher prices. This means the technology you use every day, such as imported smartphones, tablets, laptops, television even Kitchen utensilsthis year may become more expensive.
What would that look like? If the entire cost is passed to shoppers, we may see a 20% increase in prices. For example, iPhone 16Prices at T-Mobile start at $830 and may jump to $996. You can get one 15-inch MacBook Air Prices start at $1,099 on Amazon; a 20% rate hike will raise the base price to $1,318.
However, a 20% tariff on goods made in China does not necessarily mean prices will rise. If companies want to stay competitive, they can absorb some costs to keep prices down.
Apple announces $100 cuts New MacBook Air Today, although the tariffs reached the tariff just one day ago. In an attempt to convince Trump not to impose the latest tariffs, Apple announced last month that it will spend more than $500 billion over the next four years Expand manufacturing operations in the United States.
“Apple has positive revenues that can absorb higher prices for many of its products, but not all.” Patti BrennanCertified financial planner and CEO of Key Financial said in an email. “Apple’s most important product is the iPhone. Readers should expect prices to rise directly or indirectly. … how much more.”
Read more: Higher tariffs could make solar more expensive
Should you buy technology now to avoid tariffs later?
If you are planning to buy a new iPhone, gaming console, MacBook or other technology, then buying it can save you money.
But if you don’t have cash and plan to use a credit card or buy it now, pay the plan later to avoid tariffs, experts say wait. The average interest rate for credit cards is currently over 20%, Raise the cost of large purchases Due to the tariffs, any savings you will get can be eliminated before prices rise.
“We only expect $50 to $150 up at the top of the Apple product line, so the decision to buy depends on immediate demand, compared to tolerance for potential price increases,” Shipe said.
Even if prices rise, one way to save is to buy last year’s model instead of the latest version.
“If you don’t plan to upgrade next year, you don’t need to rush to buy a new smartphone,” he said. Shawn DubravacIPC’s chief economist, Manufacturing Trade Association (IPC), said in an email. “Technology is naturally deflated, which means that over time performance increases, prices will often lower the price of products of similar quality.”
