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Americans' favorite tech gadgets could surge in price under Donald Trump's proposed tariffs, per a new report. An October report on consumer technology found laptops, smartphones, and TVs would surge in price. Under Trump's tariffs, the average price of laptops and tablets could skyrocket 45%, jumping an additional $200-$350 from their current prices, the CTA report found. AdvertisementUnder Trump's tariffs, video game consoles, meanwhile, could cost nearly $250 more than they currently do, and monitors could increase by more than $100, the report found. Televisions will see a 9% increase in consumer price, costing an additional $48 on average, according to the CTA report.
Persons: Donald Trump's, , Trump, Gary Shapiro, International Trade Ed Brzytwa Organizations: Service, Consumer Technology, EVs, Cato Institute, CTA, Reuters, Consumer Technology Association, World, Census Bureau, Global, International Trade Locations: China
WASHINGTON, July 19 (Reuters) - A U.S. House of Representatives panel will hold a July 26 hearing as lawmakers look to jump start long-stalled efforts to pass legislation to speed adoption of self-driving cars. The Energy Commerce subcommittee on Innovation, Data, and Commerce confirmed to Reuters it was holding a hearing titled “Self-Driving Vehicle Legislative Framework: Enhancing Safety, Improving Lives and Mobility, and Beating China." The panel will consider separate draft legislation from Representative Bob Latta, a Republican and Representative Debbie Dingell, a Democrat. In order to ensure Americans can reap the benefits of self-driving vehicles, we must enact a comprehensive national law that establishes a pathway to safe deployment". Last week, the National Highway Traffic Safety Administration said it would soon decide on a petition filed by General Motors' (GM.N) Cruise self-driving technology unit seeking permission to deploy up to 2,500 self-driving vehicles annually without human controls.
Persons: Bob Latta, Debbie Dingell, Cathy McMorris Rodgers, Gus Bilirakis, John Bozzella, Gary Shapiro, Mark Riccobono, Pete Buttigieg, David Shepardson, Chris Reese, Alex Richardson Organizations: U.S . House, Energy, Innovation, Commerce, Reuters, Mobility, Republican, House Energy, Alliance, Automotive Innovation, Consumer Technology, National Federation of, Blind, Traffic Safety Administration, General Motors, Thomson Locations: America, China
The Consumer Electronics Show, now in its 56th year, kicks off this week in Las Vegas with a familiar mix of cutting edge technology and oddball gadgets. And this year’s event, in particular, could show how companies are thinking about products as pandemic concerns recede for some consumers but recession concerns remain. This year, featured speakers will include executives from traditional tech companies such as Samsung, Sony and Amazon, as well as other brands like John Deere, Delta and BMW. Still, the topic of virtual reality products will remain a focus for some companies. HTC is expected to launch the Vive Focus 3 this week at the show, with an emphasis on the metaverse.
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