Huge increase in demand for electronic products..!?

It is known that US President donald trump has imposed retaliatory tariffs on countries around the world. With this decision, the existing inflation in the superpower has increased further, and the prices of many goods are going to plummet. As a result, Americans are running to stores to shop before prices increase. Especially, there has been a huge increase in demand for electronic products. As trump has imposed a 32 percent tariff on electronic products imported from Taiwan, their prices are going to skyrocket. This has led to a huge demand for laptops, computers, and cameras. The companies concerned say that large orders are also being received for cars and other home appliances. "I've been looking to buy a new laptop for a year. I thought a Taiwanese brand would be good. Now that the price is going to go up, I placed an order the day trump announced the tariffs," said john Gutierrez, a young man from Texas.
 Economists are warning that the prices of essential goods in the united states will increase drastically due to this tariff. They are concerned that this will become even more dangerous for the US economy, which is already struggling with unemployment and inflation. Experts suspect that these developments may even lead to an economic recession. However, trump is confident that the market will not be affected by the decline, and that America will become a wealthy country. The tariffs announced by trump have already come into effect. These tariffs have been levied since midnight on april 5, US time. Currently, the baseline of 10 percent of the tariffs imposed on the respective countries is being implemented from today. The US government has already announced that the remaining amount will be levied from april 10. With this, officials said that the collection of tariffs on imports has started at seaports, airports, and customs warehouses in the US. However, according to a US Customs and Border Protection bulletin, a 51-day grace period will apply to some imports. This exemption has been provided to cargoes that were loaded on ships and planes and were in transit before the implementation of the tariffs. However, officials have clarified that if all these cargoes reach the US by May 27, the 10 percent tariff will not apply.
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Sowmiya Sriram

05/04/2025 08:16 PM