US tech firms feel pinch from China tariffs

Quick Summary:

The price of China-made smartphones, TVs and laptops could rise in the US and elsewhere, experts warn.

There is a risk this could drive up the price of tech goods around the world if China is forced to relocate manufacturing to countries where labour costs are higher.

Earlier this month Corie Barry, boss of US electronics retailer Best Buy, said that the "the vast majority" of the new tariffs will "probably be passed on to the consumer" because vendors in the industry have such small margins.

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Article Details

Category: Business

Markets: United KingdomCanadaChinaGermanyIndiaMexicoSwitzerlandTaiwanThailandUkraineVietnam

Topics: Higher Goods Time Year President China Trade Says Tariffs Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-13 @ 00:04:03 (15 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 1105 words

Reading Time: 7 minutes read

Sentences: 43 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 26933218

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Official Website: bbc.co.uk

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Year Established: 1922

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News Last Updated: 11 hours ago

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