Trump's tariffs drive up tech prices: Here's how much you'll pay extra for a phone or console

Donald Trump continues to threaten the international market with his tariffs . As for the technology sector, the iPhone was the first device to suffer the consequences of these customs duties, as its manufacturing cost rose to $850 (previously around $550), and consoles were the next to suffer the same fate.

The PlayStation 5 saw a digital edition price increase in Europe—costing 50 euros more—and Xbox also raised the prices of its consoles and controllers "given market conditions and rising development costs." But what about Nintendo? This Japanese company isn't immune to tariffs either, as it's considering increasing the price of the new Switch 2 by up to 145% , though nothing has been confirmed yet.

Beyond all the aforementioned electronic devices, computers, tablets, monitors, and other gadgets will also end up being subject to tariffs. A report by the consulting firm Trade Partnership Worldwide (TPW) reveals how much these devices will cost as a result of the tariffs , stating that users will spend $123 billion less each year. Therefore, according to the report, "this will lead to significant price increases for American consumers."

Additionally, TPW shares a list of average price increases:

It's important to note that the TPW study describes a scenario in which the 90-day suspension of tariffs implemented by the United States government ends in July and the higher taxes announced by Donald Trump are activated.

Tariffs also affect e-commerce

E-commerce companies are another victim of these taxes. In the case of Amazon , third-party merchants selling products made in China may refrain from participating in Prime Day , and there's even the possibility that consumers may stop purchasing due to the possibility that tariffs will increase product prices. Meanwhile, in the case of Temu , this Chinese e-commerce company has begun to apply import charges , in some cases doubling the prices of items.

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