Trump’s reciprocal tariffs are poised to raise duties on Chinese imports to 54%. In addition, the White House is imposing a base 10% tariff on imports from most foreign countries.
Brace yourself for more expensive consumer electronics. President Trump just announced a «reciprocal tariff» plan that imposes tariffs on Taiwan, Vietnam, and India — key markets outside of China that also produce phones and PC components.
At a White House event this afternoon, Trump announced the trade policy by holding up a chart that listed the new tariff rates. The US will tariff imports from Vietnam at 46%, goods from Taiwan at 32%, and products from India at 26%. Importantly, Trump plans on instituting a base tariff of 10% on imports from dozens of countries, including Brazil, Australia, and Peru.
In addition, the Trump administration plans on tariffing China at 34% on top of the president’s existing 20% tariffs on the country, according to CNBC. The effect could drastically increase prices for PC components, including graphics cards, since many of them are made in the country.
