Did Nintendo bump up the price of its upcoming Switch 2due to Trump's tariffs?Thailand It seems like that could be the case.
The entire stock market has been thrown into turmoil following President Donald Trump's implementation of across-the-board "reciprocal" tariffs on April 2. Trump waited until after the markets closed on Wednesday so the full force of his tariffs announcement wasn't felt until the following day.
Tech stocks like Apple, Amazon, and Nvidia have been hit especially hardby Trump's tariffs. On Wednesday, for example, Apple stock fell 9.2 percent. Other tech stocks, such as Microsoft, were down between 2 percent and 9 percent.
While a "baseline" 10 percent minimum tariff has been put on goods coming in from any country, Trump has implemented a much larger tariff on the U.S.'s biggest trade partners like China and Taiwan. Many tech companies, such as Apple, manufacture their products in those countries thus those companies will be forced to pay a much higher tariff and, in turn, likely pass on those additional costs to customers.
SEE ALSO: The internet reacts to Trump’s tariffs with dark humor: 'girl the tariffs'Trump imposed a 32 percent tariff on goods from Taiwan, for example. As for China, Trump hit them with a 34 percent tariff. However, China's reciprocal tariff is in addition to an existing 20 percent tariff on goods from the country.
So, what does that mean for consumers? Your favorite tech products are about to get more expensive. In fact, there was already speculationamong analysts following Nintendo's Switch 2 announcement yesterday that the gaming company had priced the new console at $450 with Trump's incoming tariffs in mind.
Trump claims he implemented the tariffs to bring manufacturing back to the U.S. Trump even specifically mentioned Apple in his speech.
“Apple is going to spend $500 billion, they never spent money like that here,” Trump said. “They’re going to build their plants here.”
However, Apple isn't going to start building its consumer-facing products like the iPhone here in the U.S. Its investment is in building servers in the U.S. And even that is years away, as companies like Apple still need to set up their manufacturing plants and factories in the U.S.
So, in the near future, it's very likely that you'll be paying more for — a lot more— for your favorite new tech. And tech stocks — and the stock market as a whole — will likely continue to suffer as a result of consumers having less spending money.
Topics Apple Donald Trump Politics
Haddad Maia vs. Muchova 2024 livestream: Watch US Open for freeNewcastle United vs. Spurs 2024 livestream: Watch Premier League for freeGemini vs. ChatGPT: Which one planned my wedding better?How to unblock Redtube for free42 movies you'll want to see this fallNewcastle United vs. Spurs 2024 livestream: Watch Premier League for freeDimitrov vs. Tiafoe 2024 livestream: Watch US Open for freeDisney vs. DirecTV: No more sports until the contract dispute is resolved.Fritz vs. Zverev 2024 livestream: Watch US Open for freeBrazil plans to fine anyone who tries to use X via VPNWest Ham vs. Manchester City 2024 livestream: Watch Premier League for freeStephen King is finally teasing what a new Dark Tower story might look likeNewcastle United vs. Spurs 2024 livestream: Watch Premier League for freeElon Musk's X is now banned in BrazilWordle today: The answer and hints for August 30How to unblock Redtube for freeAtlanta Dream vs. Los Angeles Sparks 2024 livestream: Watch live WNBAGen Z fantasizes about both monogamy and kink, Feeld saysApple AirTags used by environmental activists to track deadArsenal vs. Brighton 2024 livestream: Watch Premier League for free Michel Gondry debuts film shot entirely on Apple's iPhone 7 Here are the top 10 Beatles songs according to me, somebody who just wants to piss you off Apple 2017 5K iMac 27 'Fantastic Beasts 2' details: New locations, new characters & more That time Amazon had a social network years before Facebook Emmanuel Macron is basically James Bond IRL and people can't cope Disneyland tourists flying in a hot air balloon crash into a nearby pond 5 secrets of top wingmen that can help you help your friends find love University sends acceptance letters with AR, and it's blowing minds NASA will take its first close Elon Musk says first Model 3 will exit the factory Friday This sleeping bus is another attempt to make travel more comfortable Runaway portable toilets menace fleeing passerby during Moscow storm NPR tweeted the Declaration of Independence; Trump supporters got mad 5 movies we're looking forward to in 2017 Steph Curry lands richest contract in NBA history at $201 million Lindsay Lohan just wants everyone to stop bullying Trump Two strangers hit it off after weird iMessage glitch brings them together Trump posts body slam video after defending his "modern presidential" Twitter claim Anthony Bourdain's review of 'Baby Driver' is extremely Anthony Bourdain
2.2479s , 8206.8515625 kb
Copyright © 2025 Powered by 【Thailand】,Miracle Information Network