Trump's Tariffs Impact Smart Home
This is a Vietnam news story, published by Verge, that relates primarily to Trump news.
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latest tariffsVerge
•Technology
Technology
Smart home device manufacturers are bracing for chaos — again
75% Informative
Many smart home device makers are already struggling, thanks, in part, to Trump ’s first round of tariffs.
The sky-high tariffs on Chinese goods and components present a huge challenge for all smart home manufacturers.
The new, steeper tariffs on countries like Vietnam , where many companies relocated manufacturing, compound their problems.
The big question is how much of the increased costs they can stomach and how much they will have to pass on to consumers.
Chinese companies may be able to absorb most or all of the cost, according to Sy Bohy.
Higher prices will keep new households from entering the smart home market.
VR Score
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