President Donald Trump's 10 percent tariff on goods imported from China is effective for almost a week. Next to the tariff being effective, I wrote that “Big Tech is silent on Trump's tariff” – Almost no one in the industry reacted or said how they would respond. After a week, it has not really changed.
Themselves and my colleagues have contacted a wide range of tech companies several times since the tariff on China (and now-in-law tariffs On Canada and Mexico) Was declared at the beginning of the month. What have we heard here – or not:
Just about every major tech company makes products from China and ship vessels, so tariff means high cost to bring those products to the country. Those high costs are often passed on consumers, so if the tariff remains in effect, it seems that companies will increase prices on their products or otherwise see a decline in their margin.
There are some reasons that companies may hesitate to comment. Companies may take time to feel the effects of tariffs and know how it can affect their businesses. The Trump administration is chaotic, so companies are waiting to see if the policy is changed or put into a break, as it is already for Canada and Mexico. The administration is also ventilative, so companies do not want to attract the President's IRE by blaming Tariffs for harming their business.
On the other hand, the vehicle manufacturers are more vocal.
Tesla has not responded to a request for comments.
Tariff has already led some upheaval for shipment and delivery. Trump briefly removed the D Minimis exemption, which allowed packages of less than $ 800 to enter the US duty -free. It led USPS Stop accepting parcels from China in short And shopkeepers are looking at additional charges On shipment From another carrier. But on Friday, Trump Administration Temporary The process cannot be made more systematic until removal of exemption.
Trump on Monday signed an order to impose 25 percent tariff on steel and aluminum, NBC News Reports,
Update, 10 February: Trump's new tariff was added to steel and aluminum.