Will Trumps tariffs make costs explode for this years most anticipated products?

Tech lovers: Bigger price tags may be on the horizon. The incoming Trump administration has proposed a sweeping economic agenda that includes controversially high tariffs on imported goods, and while the plan has reportedly fluctuated over the last month, the President-elect argues increased tariffs on imports is the best way to pay for sweeping tax cuts and reduce the amount of drugs and immigrant workers coming into the U.S. The more likely result? Higher prices for consumers and their favorite foreign-made goods. Analysts and businesses themselves have warned about the potential price surge, and predict that Trump's current tariff plan would have disproportionate effects on consumer goods and electronics made in China, as the President-elect proposes blanket tariffs on all imports and a levy on Chinese goods that could be upwards of 60 percent. SEE ALSO: CES 2025 highlights: What we've seen so far According to reports from the Consumer Technology Association (CTA), this policy path would have a net negative effect on purchasing power for U.S. consumers in the tech market, which could see a $90 to $143 billion decline over the next year. Meanwhile, the consumer tech industry is still on track for multi-billion dollar revenues in 2025, with the Consumer Technology Association predicting a $537 billion market in 2025. This year may see a reverse of the previous, which recorded dismal sales in its first half. For now, the industry's innovators and sales-folk aren't slowing down. The annual Consumer Electronics Showcase (CES), which is produced by the CTA, unveiled everything from stair-climbing robot vacuums (well, sort of) to a laptop that unrolls itself into a bigger display. But Trump's tariff crackdown may affect the kinds of products that make up CES' bread and butter, including the non-automobile lithium-ion batteries powering portable electronics, televisions, computer accessories, PCs, laptops, tablets, and other connected devices, among others, writes Busine