Consumers in the market for new electronics may want to act fast, as President Donald Trump has announced the possibility of a new 10% across-the-board tariff on Chinese goods, set to take effect as early as February 1. This move could impact a wide range of products, including consumer electronics such as computers, televisions, and phones.
While Mexico and Canada currently benefit from the USMCA trade agreement, which shields them from tariffs on exports to the United States, Chinese goods face a different reality. Chinese exports to the US are already subject to various tariffs, with electric vehicles facing a 100% tariff and steel and aluminum products facing a 25% tariff.
