Reported about 14 hours ago
With the recent 10% tariff on Chinese imports potentially raising smartphone prices, consumers shouldn't rush to panic. Experts suggest that any price rises may not be felt immediately and could be absorbed through financing options. Many Americans buy phones via installment plans, allowing for manageable monthly payments despite potential higher costs. Additionally, the market for used and refurbished smartphones is growing, providing alternatives for budget-conscious buyers. Overall, any impact from tariffs on smartphone prices is likely to be gradual and manageable.
Source: YAHOO