Starting August 1, a new round of tariffs is set to take effect, and this one could hit your wallet right where it hurts: electronics.
President Donald Trump's tariffs will hit a wide range of goods imported from China. While not every device will be affected right away, many consumer electronics — smartphones, laptops, tablets and gaming consoles — are likely to see price increases in the coming months. Retailers may absorb some of the extra cost at first, but higher prices almost always reach consumers once existing inventory runs out.
