The tax increases for imported products from outside was one of the most recurring promises in Donald Trump’s campaign during the elections. Now that he has taken the position of US president, the businessman who became a politician began to implement some of these tariffs, including 10% for items produced in China.
Taking into account the growing rivalry between the United States and the Asian country, we can say that China has not yet led the most critical “blow”. While the country will face 10% tariffs, at the same time Mexico and Canada will bitter much higher values, reaching 25%.
Taxes against China, however, are the ones that most affect the reader of Adrenaline. The country is one of the leading manufacturers of electronics and hardware in the world, and these 10% extra 10% are expected to be reversed to consumers.
At the moment we don’t know how much prices will rise. Companies can spend all 10% in increasing imports from their products, or trying to absorb part of the increase. Some may even take advantage of the confusion to increase beyond the necessary value.
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Taxes on products in China can increase
The rate of tariffs that focus on imports from China can get much higher in the future, depending on how the country responds to these first 10%tariffs. During the Trump campaign even talked about taxing the Chinese products by 60%.
The number may have been an exaggeration to draw attention, but it shows a considerable margin of possible tax increases. This, in turn, will result in increases in electronic products for the consumer. In December last year, even before the new president -elect moved to the White House, analysts estimated that video signs could have a 40% increase in their prices.
At example, the RTX 5080 could be found on Newegg for $ 1,000 before running out. A 40% increase would take this model to $ 1,400 – from $ 5,841 to $ 8,177.
These numbers, however, are speculation. What we have factual at the moment is the 10%rate, so it remains to wait and see how companies and China will answer.
Via: WCCFTech
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Source: https://www.adrenaline.com.br/hardware/esta-valendo-eua-comeca-a-taxar-produtos-importados-da-china-em-10/
