Trump’s Proposed Semiconductor Tariffs Will Make Electronics More Expensive in the US

News Snapshot:

U.S. President Donald Trump told reporters this week that he intends to expand the scope of tariffs to include automobiles, pharmaceutical products, and semiconductors. While the first two categories don’t directly impact photographers, the third would. President Trump said the tariffs could reach 25% at the start and get significantly higher over time, CNBC reports. This would, all else equal, make it more expensive to manufacture many products, including computers, smartphones, video game consoles, and, of course, digital cameras. Today, Bank of America estimated that Apple will need to hike the prices of its products by nearly 10% to offset...