Due to U.S. tariffs, some of your favorite gadgets could soon get more expensive
This could affect prices on select Apple Watches, FitBit monitors, and Sonos products.
With the United States and China embroiled in a trade war, it was just a matter of time before some of the most popular gadgets on the planet would be affected. We now have a better idea which of those products could soon be slapped with a 10 percent tariff.
According to Reuters, the latest round of U.S. tariffs on $200 billion of Chinese goods could eventually hit the Apple Watch, health trackers, streaming music speakers, and other accessories assembled in the country.
Specifically, the list of products includes the original Apple Watch; Fitbit’s Charge, Charge HR, and Surge models, as well as Sonos’s Play:3, Play:5 and SUB speakers. (Current-generation Apple Watches aren’t affected.)
Nothing is finalized, however.
The list of tariffs is currently in a so-called public comment period. During this time, companies that have products on the list have three options. These include: advocate to get the code dropped from the list during the public comment period, apply for an exclusion once tariffs go into effect, or try to have their products classified under a different code not on the list.
So far, the three companies affected by this, Apple, Sonos, and Fitbit, haven’t made a public comment on the proposed tariff list. However, earlier in the month, Sonos did say that “the imposition of tariffs and other trade barriers, as well as retaliatory trade measures, could require us to raise the prices of our products and harm our sales.”
In May, The New York Times reported that President Trump told Apple CEO Tim Cook that the U.S. government would not levy tariffs on Apple products. It’s going to be interesting to see just how long that promise holds.
Hopefully, the trade war ends soon, and we won’t have to worry about paying more for the next-generation Apple Watch, Sonos speaker, and the like.
If the tariffs are implemented, we could start seeing higher prices this fall.
Do you expect an all-out trade war between the U.S. and China, or will both countries resolve their issues first?
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