Tariffs will raise prices on essential tech and lead to inflation. Experts say that people who depend on cheap stuff to survive are going to suffer the most.
As President Donald Trump’s tariff turmoil continues, it becomes increasingly clear that this unpredictability in the US will create economic stress for American businesses and residents. But as with other types of commercial turbulence, the people who will be hit the hardest are those with lower incomes.
Trump’s tariff policy on goods imported into the US carves out some exceptions for smartphones and small electronics, but experts say the prices for those devices will still rise since the companies who manufacture them will incur added costs throughout their supply chains as the trade war continues to escalate.
