CNET Survey: Tariff Fears Are Speeding Up Tech Purchases

President Donald Trump's tariffs are disrupting American's financial plans and pressuring many to buy tech items now, out of fear of tariff-related price hikes. Tariffs on China, a major tech manufacturer, as well as other countries, have already prompted price increases from tech companies on imported tech like laptops, TVs and gaming systems. In February, Acer announced that it planned to increase laptop prices by 10% to help offset tariffs. So far this year Trump has imposed a 20% tariff on imports from China, with another 34% reciprocal tariff planned to go into effect later this week. The president has also threatened an additional 50% tariff on the country, a move that could drive up tech prices even higher. "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 ... Read full article.