Laptop Prices May Increase by 19% Due to New Tariffs

Electronics are getting more expensive due to the U.S.-China trade war. A report commissioned for the Consumer Technology Association details the latest casualties, which include laptops and tablets. Their U.S. prices are going up by 19 percent.

That would mean a $120 increase for the average laptop ($622) and $50 for the average tablet ($264). The overall cost increase is estimated to be $8.2 billion.

The report also mentions that the prices of video game consoles will go up by 19 percent.

U.S. corporations such as Apple and Microsoft are now considering to move production lines to other Asian countries around China, with Vietnam and South Korea being the most viable options, but this will still require steep investment costs and altered manufacturing timelines. Other countries that could be targeted for production shifts include Taiwan and Mexico.

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