Trump's tariffs leave gadget makers in crisis: 'I'm going to run out of appliances'
Publishing timestamp: 2025-04-02 17:55:39
Summary
Consumer tech companies manufacturing in China, Mexico, and Canada are struggling to survive due to President Trump's shifting tariff policies. Companies like Suvie and Austere are facing increased costs and uncertainty, leading to potential price hikes for consumers and challenges in finding alternative production sites. The tech sector is feeling the impact of tariffs, with estimates showing significant price increases for electronic devices and reduced consumer spending power.
Sentiment: NEGATIVE
Tickers: TGT,
Keywords: economy, politics, enterprise, business news, asia economy, breaking news: politics, donald j. trump, trade, technology, target corp, breaking news: economy,
Source: https://www.cnbc.com/2025/04/02/small-tech-firms-left-in-limbo-by-shifting-trump-tariff-policy.html