*United States President Donald Trump鈥檚 latest round of sweeping tariffs, ranging from 25 percent to 54 percent, on imported computer and electronics hardware, sends shockwaves through financial markets and the technology sector around the world

Gbenga Kayode | 绿帽献妻

United States (US) President Donald Trump’s far-reaching trade tariffs also apply to most Information Technology (IT) products sold in the country, targeting major global brands, including Apple, Dell, and HP, which rely on overseas plants.

绿帽献妻 reports President Trump鈥檚 latest round of sweeping tariffs, ranging from 25 percent to 54 percent, on imported computer and electronics hardware, has sent shockwaves through financial markets and the tech sector of the global economy.

The global tech companies face falling stock prices, lack of domestic manufacturing plants.

US President Donald Trump

This is more so as many of these tech giants rely heavily on overseas manufacturing, and which have few domestic plants that can step in and take over.

The tariffs of up to 54 percent on imported electronics threaten to raise prices on laptops, phones, and monitors by double-digit percentages.

Stock markets also tumbled, with Apple, Amazon, and other Big Techs suffering major losses amid supply chain fears, agency report said.

Against the backdrop of this development, industry experts have urged consumers to buy now, warning prices for in-stock tech could soon surge as new tariffs apply.

The development has reflected in the stock market, recording a plunge.

The S&P 500 plunged Thursday, April 3, 2025, erasing an estimated $1.7 trillion in market value at the opening bell.

Analysts, therefore, warned the steep drop might be the start of a broader downturn, especially for companies deeply tied to global supply chains, report stated.

Apple shares fell 9 percent, their worst drop in five years, while Amazon slid 7 percent as investors digested the economic fallout, according to report.

How consumers feel the pinch, by experts

Amid the disconcerting tariff regime in the US, industry experts opined that consumers would feel the pinch, too.

The Consumer Technology Association in the US projects price hikes of about 45 percent for laptops, 50 percent for monitors, and 26 percent for smartphones, all driven by Trump’s new levies on imports.

An analyst reportedly noted: 鈥淭his is going to hit Americans directly. 鈥淎nyone thinking about upgrading their tech should consider doing it now.鈥�

Retailers still holding pre-tariff inventory may offer short-term relief, but further price increases are expected once new, higher-cost shipments arrive.

Meanwhile, manufacturers like Foxconn, which had been expanding operations in Mexico to assemble Nvidia Artificial Intelligence (AI) servers鈥攎ay face fresh complications, as the company’s nearshore operations get caught in the tariff net.

With consumer electronics caught in the crosshairs, the message is clear: buy now or pay more later, report noted.