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US tariffs: how Trump’s tax is hitting Big Tech and beyond

DATE POSTED:February 1, 2025

On April 2nd, President Donald Trump announced staggering new tariffs on imports from dozens of countries that could raise the price of almost everything you buy.

It hasn’t taken long for the impact on tech to start to take shape, with Nintendo delaying preorders of the Nintendo Switch 2 and experts telling The Verge that the tariffs will mean you’ll pay more for all gadgets. Even board game manufacturers have issued grim warnings.

These tariffs are in addition to the ones he imposed earlier this year on goods from some of the US’s biggest trade partners: Canada, Mexico, and China. Trump positioned those tariffs as a way to “halt the flood of poisonous drugs into the United States,” referring to fentanyl. Even at that time, it was clear the change could have a big impact on the cost of a wide variety of goods imported from each country, including electronics, produce, clothing, and much more.

Though Trump previously said the tariffs will “enrich” citizens, consumers are expected to bear the brunt of the fees as they typically lead to higher prices.

Here’s all the latest news on Trump’s tariffs.