CTA warns of tariff-fueled price hikes on consumer tech - but it's not all bad news

Bloomberg/Getty Images Got your eye on a new laptop, smartphone, TV, or gaming console? Be prepared to shell out more money if and when you decide to buy it. A new report released this week by the Consumer Technology Association describes how the Trump tariffs could dramatically bump up the cost of your favorite electronic products. Based on analysis from the Trade Partnership Worldwide (TPW), an international trade and economic consulting firm, the latest report follows one released in January. Back then, Trump was advancing tariffs only as a threat and a bargaining ploy. Since then, the situation has changed into an on-again, off-again mishmash with uncertainty over if, when, where, and how certain tariffs may be implemented or retained. Also: Tariff-proof tech? Back Market's refurbished devices keep prices down Despite the Trump administration's claims to the contrary, tariffs are essentially added taxes on goods paid for by the consumer. The higher cost of products can not only ... Read full article.