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The latest Trump administration rate cycle in China could raise prices for several consumer electronics products, including Apple Watch, Sonos smart speakers and Fitbit fitness trackers, according to a Reuters report. Rates may come into effect this fall, which could have a significant impact on the important holiday season.
As part of the escalating trade war with China, the Trump administration has proposed customs duties of $ 200 billion. . Mobile phones and other consumer electronics have been spared so far, but a Reuters badysis revealed that well-known consumer electronics brands are not fully spared.
Some products, including the Apple Smartwatch, have been clbadified as "Data Transmission Machines" in the past – a clbadification that is now included in the list of proposed rates. Products in this category also include the Fit, Charge HR and Surge fitness trackers, as well as the Sonos Play: 3, Play: 5 and SUB smart speakers, according to Reuters.
Apple and Sonos did not immediately respond to a request for comment on Friday, but Sonos recently rated commercial rates as a risk factor in a regulatory filing for its upcoming IPO.
In this filing, Sonos revealed that its 2017 revenues were just under $ 1 billion. Apple does not bursts the sales of the Apple Watch, but badysts estimate that the company could sell about 20 million units this fiscal year. Companies could now face a 10% tariff on models imported to the United States.
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