President Trump’s tariffs are expected to increase consumer electronics prices by over 10%, with major shifts anticipated in the PC market. As the US administration negotiates trade deals globally, it’s becoming clear that there won’t be any significant tariff reductions with major trading partners. According to a recent report, tariffs imposed by the Trump administration are likely to increase prices, with a 10% rise in consumer electronics such as Apple’s iPhones and PCs. 
This estimate reflects the current tariffs, excluding potential hikes post the August 1st deadline.
Although we haven’t seen price hikes since April, this delay is due to tech giants like HP, Dell, and Microsoft stockpiling products in anticipation of tariff increases. These companies are holding onto inventory in order to keep the supply chain steady, but once the price hike hits, it will reverberate across the industry, as competitors typically raise prices in sync to maintain market balance.
Reports from IDC show a rise in shipments, but as demand increases, supply chains are getting strained under tariff pressure. As a result, manufacturers may be forced to increase prices in order to meet growing demand. The tariffs, estimated to be around 20% for each country, are creating additional costs, which are passed on to consumers, contributing to inflation in the process.
Ultimately, the impact of tariffs will likely be felt across all sectors, not just electronics, and consumers are bracing for a widespread price increase. The complexity of tariffs, which gives corporations a convenient excuse to raise prices, adds an extra layer of difficulty for everyday consumers.