Tech Firms Struggle with Tariffs

This is a China news story, published by CNBC, that relates primarily to Donald Trump news.

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gadget makers

CNBC

•

Technology

Trump's tariff ambiguity leaves gadget makers in limbo: 'I'm going to run out of appliances'

Summary

Nutrition label

84% Informative

Consumer tech companies that manufacture in China , Mexico and Canada are struggling to survive as they deal with constantly shifting tariff policies from President Donald Trump .

Trump slapped additional tariffs on China earlier this year and is poised to go much bigger with his plan for broad reciprocal tariffs.

On Wednesday afternoon , President Trump is expected to deliver remarks at a " Make America Wealthy Again Event " in the Rose Garden .

The Consumer Technology Association estimates new tariffs could hike laptop and tablet prices by as much as 68% .

The International Chamber of Commerce says the cost implications could be severe enough to wipe out a company's entire operating margin.

Many larger corporations have managed to pivot production to areas like Taiwan , Thailand and India over the years , but have also exhausted much of the existing supply in smaller markets.

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Informative language

Neutral language

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semi-formal

Language

English

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not offensive

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not hateful