Higher prices for a lot of popular products seem inevitable on our current trajectory. James Martin/CNET
In many cases and for many products in the US, the biggest impacts of President Donald Trump's aggressive tariff plans haven't hit yet -- but that could be about to change as the 90-day pause on the "reciprocal" tariffs is set to end this week. However things shake out, numerous companies have already hiked prices or said that they'll increase in the near-future -- including, most recently, a popular and CNET-approved brand of smart lights.
The fact of the matter is that tariffs -- a tax placed on the importing of certain products into a country -- will ultimately cause prices to go up, with Walmart characterizing these eventual price hikes as "inevitable" during its earnings call last month. Given Trump's push to place historically high tariffs on goods from almost every country in the world, you can also expect these price hikes to hit a huge variety of products.
This truth has begun to sink in for a lot of Americans. About 64% of American adults are making tech purchases soon to avoid potential price hikes, according to CNET's most recent tariff sentiment survey. Around 51% of Americans adults also said that they already bought or plan to buy a personal tech device -- such as a smartphone, laptop or tablet -- soon.
To help you keep score, I've put together a list of all the companies that have either confirmed or warned of price hikes due to Trump's tariffs. As other companies make such announcements, you can expect new names to be added here.
Continue on for all those details, and for more, find out why it's best if you wait on buying a new iPhone.
One item you won't find on this list yet? The original Nintendo Switch, which will see a currently unspecified price hike on Aug. 1, but only in Canada for the time being. If that increase makes its way south of the border, we'll let you know.
Best Buy
Without getting into specifics, Best Buy CEO Corie Barry told the Wall Street Journal late last month that it has already raised prices on certain products as part of its response to the tariffs.
e.l.f.
... continue reading