CNET Survey: Tariff Price Hike Fears Push Americans to Buy Tech Sooner

President Donald Trump has imposed several new tariffs this year, with more expected to go live Wednesday. Most US adults aren't waiting to feel the full effects of potential tariff-related price hikes. Instead, they're buying big-ticket items like tech now, a new survey from CNET found. In the past two months, the administration has enacted 20% tariffs on imports from China, a move that's already spiking prices on imported tech like laptops, TVs and gaming systems. When tariffs are implemented, the importer pays the tax. This higher cost is often recouped by increasing product prices. "If there's a 10% tariff on smartphones, that means US-based companies have to pay 10% more to get the products from overseas," said Patti Brennan, a certified financial planner. "That extra 10% has to come from somewhere, and I suspect that most companies are going to pass it along to the consumer -- which is what they've done in the past." With prices poised to rise, some shoppers are concerned and ... Read full article.