This touches on something I'm curious to see play out: How much shopping tourism will we see? If a laptop costs twice as much due to tariffs (as indicated by the forecast in the article) how many US consumers will wait with buying a new laptop or phone till they happen to be in another country? I'm also curious if we'll see a huge spike in smuggling which might give more justification for more spending on border security.
Obviously yes this will happen. Trade restrictions always results in more smuggling and black market activity.
Of course it will happen. I'm curious to what degree. Will 50% of US iPhone sales move abroad? Will smuggling of regular goods become a bigger deal than fentanyl smuggling?
I'm interested to see how this affects Microsoft's messaging to some win10 users for "you need to buy a new PC to continue to be updated" while there's still a significant [0] amount of people to switch in 5-6 months.