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Trump Tariffs Could Hike U.S. Prices on Smartphones by 31% and Game Consoles by 69%, per Revised CTA Estimates
Trade group CTA estimated Trump's tariffs could result in prices of game consoles rising 69% and the cost of smartphones increasing 31%.
The updated analysis, which draws on data from Trade Partnership Worldwide LLC, suggests that American consumers face a potential drop in purchasing power of up to $123 billion annually if current and announced new tariffs take effect. Shapiro continued, “While this Administration is rightly focused on jobs, data shows these tariffs are more likely to hurt industry and add to inflation, rather than help Main Street America thrive.” Other Section 232 investigations into semiconductors, electronics, copper and critical minerals could further increase import costs for technology products and manufacturing inputs, according to the trade group.
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