- General
- July 21, 2018
- 3 minutes read
Proposed U.S. Tariffs could impact Apple, Fitbit, and Sonos prices
image credit : Fitbit Several consumer devices which include the Apple Watch, various health trackers and streaming music speakers among…
image credit : Fitbit
Several consumer devices which include the Apple Watch, various health trackers and streaming music speakers among others could be among those affected by the proposed U.S. Tariffs on $200 Billion worth of Chinese goods which would lead to increase in prices.
As reported by Reuters, The rulings containing the details of the proposed tariffs names devices including the Apple Watch, Fitbit activity trackers and Sonos connect speakers among others while the region of mobile phones and laptops which represents the highest purchased consumer products face little danger of import duties so far.
This tariffs could lead the manufacturers of these products with no choice than to increase the prices of these devices for millions of consumers in the U.S.
The specific products listed in the tariff rulings consist of the Apple Watch, Fitbit’s Charge, Charge HR and Surge models; and Sonos’s Play:3, Play:5 and SUB speakers which are classified as “data transmission machines” according to the ruling are liable to face a 10% tariff.
The companies involved still have options to either advocate to get their products dropped off the list, apply for an exemption when these tariffs go into effect and also make efforts to classify their products in different categories not affected by the machines and would have to do so by working with regulatory bodies concerning the proposed tariffs before the month of September when this tariffs are scheduled to take effect.
Several trade experts have dished out opinions with some citing the possibility of Apple, Fitbit and Sonos products could no longer fall under tariff codes in the $200 Billion list with a point that newer models of the product could be classified differently while another has said that working to re-classify its products might prove difficult for the companies as the tariffs covers thousands of categories of products.
