CNBC January 27, 2025
Key Points
– With Apple, Microsoft and Tesla reporting December quarter earnings this week, investors will want to know how Trump’s threats of tariffs on the top U.S. trading partners could affect their businesses.
– A 60% tariff on China could cause laptop and tablet prices to increase by 45%, video game consoles by as much as 40% and smartphones by as much as 26%, according to a report.
– Trump is expected to reveal more details on which specific tariffs will be placed on imports from China, Canada, and Mexico on Saturday.
The world’s most valuable chipmaker and the world’s largest contract manufacturer for electronics announced in November that Foxconn was building a massive factory in Guadalajara, Mexico,...