Tariffs on Tech Gadgets Could Cost Americans $123 Billion

A new report suggests U.S. consumers could face an extra $123 billion annually for common electronics, thanks to fresh tariffs on imports from China and Mexico. Everyday gadgets like smartphones, laptops, and game consoles might see $200–$300 price jumps, placing them above $1,000 for mid-tier models. The administration aims to encourage domestic production, yet critics worry families will be squeezed by these “tech taxes.” While partial exemptions are possible, many manufacturers have warned that they’ll pass the cost to consumers. Analysts fear reduced electronics demand could ripple across the economy, impacting everything from corporate IT budgets to home entertainment.