Technologies

Buy or Wait Guide: How Tariffs Will Change Tech Prices and What to Do Now, According to Experts

From phones to TVs, electric cars to cameras, CNET experts weigh in on what you should consider buying now, before tariffs increase prices.

Prices for most major tech products will be driven up in the coming year thanks to US President Donald Trump’s steep new import duties, according to economists. The tariffs have already had a sharp impact on US stocks, which have been sinking rapidly on the back of the tariff implementations. Then, on Wednesday, the president paused most of the tariffs, with the exception of China, raising tariffs on that country to 125%.

The constant changes to the tariffs make it even harder to advise consumer purchases. Whether the tariffs will change the timing of your next tech purchase depends on what kind of tech you need. Before Wednesday’s announced tariff pause, we asked CNET’s experts for their thoughts on what devices you should consider buying now and what you can wait on, covering everything from phones, earbuds, TVs and laptops to gaming consoles, smart thermostats, electric vehicles and cameras.

Many of these products are either imported in their entirety or contain components that are not made in the US, like graphics processing units for PCs. Importing all those separate components will lead to higher costs under Trump’s barrage of tariffs.

Read more: Tariffs Explained: Impacts for You as Trump Confirms Worldwide Tariff Wave

The tariffs will have an effect on a sweeping range of consumer expenditures, well beyond just tech products. Your groceries will likely see bumps in the prices of bananas, coffee and seafood, among other things. Much of the clothing, footwear and furniture we buy is made overseas. It’s an indication of how the modern economy is built on a global scale with often complicated lines of interdependence. The Trump administration is hoping that the tariffs will lead to more manufacturing on American soil.

If you’re not ready to make a purchase now, don’t let yourself be rushed — especially for products priced in the thousands of dollars. You should always make sure that a purchase is a good fit for your budget. It’s also unknown at the moment how long the tariffs might be in effect.

“The tariffs are sweeping, and the effects are going to be even broader,” says Neale Mahoney, director of the Stanford Institute for Economic Policy Research and professor of economics at Stanford University. “It’s not a good time to be a consumer.”

Read more: How Much Will iPhone and Other Apple Prices Increase With ‘Liberation Day’ Tariffs?

Even goods that aren’t directly impacted by the new tariffs could increase in price, according to Mahoney. During the first Trump administration, tariffs increased prices on washing machines, not dryers, but dryer prices increased as well. And during the COVID-19 pandemic, used car prices increased along with new car prices.

“There’s going to be some uncertainty as we move to what economists call a new equilibrium,” he says.

Read more: CNET Survey: Worries Over Tariff Price Hikes Are Pushing Americans to Buy Tech Sooner

Mobile devices

Phones

While Trump’s tariffs are aimed at increasing US-based manufacturing and boosting sales of products already made here, CNET’s managing editor for the mobile team, Patrick Holland, points out that there isn’t a mainstream phone that’s completely made in the US.

“Components come from all around the world,” Holland says. “That’s true for Apple, Samsung or Xiaomi. So Apple being based in the US is at a similar disadvantage from tariffs as Samsung is being based in South Korea.”

Holland is optimistic that Apple will find a way to absorb some of the increased importation costs in the short term. Nearly all iPhones are made in China, with the rest also made overseas.

Read more: Mortgage Rate Predictions: Will Tariffs Impact Spring Homebuying?

Holland’s advice is to hold onto your current phone for as long as you can, rather than running out to buy one in the hopes of beating a possible price hike.

Other experts also warn against panic buying an iPhone, despite predicting that Apple’s prices could rise by around 10% in coming months. “[Tariffs] could lead to price increases of $50 to $150 on higher-end products like the iPhone Pro Max models and MacBook Pros,” Stephan Shipe, a certified financial planner and CEO of Scholar Financial Advising, told CNET earlier this week.

Wall Street analysts from Rosenblatt Securities, according to Reuters, anticipate that if the 43% tariff on China is passed to consumers, the cost of an iPhone 16 could rise from $799 to $1,142; the iPhone 16 Pro Max could increase from $1,599 to $2,300; and even the newly launched low-end iPhone 16E could increase in pricing from $599 to $856. A breakdown by the Wall Street Journal, meanwhile, looks at individual components and the retail price for an iPhone 16 Pro to show how much tariffs would raise manufacturing costs for Apple.

And prices could be driven even higher after China on Friday retaliated by placing export restrictions on rare earth elements used in producing phones, EVs and other electronics.

If tariffs and general inflation are affecting your ability to pay for a brand new, high-end phone, Holland’s best budget pick for those looking for a deal on a phone is the $500 Google Pixel 8A. “It has one of the best values of any phone sold today,” he says. “But I look forward to testing the recently announced Pixel 9A that goes on sale Thursday, April 10.”

Smartwatches

Smartwatches may not be affected by the tariffs this year, according to Vanessa Hand Orellana, CNET lead writer for smartwatches and wearable technology. “I’m not sure if it will hit this year’s smartwatch production cycle despite reports,” she says. “At this point in production, it’s likely that all the manufacturing pieces for the 2025 watch models have already been ordered.”

But for next year’s watch production, she’s hopeful that Trump will realize the economic blow to businesses and individuals and reverse his stance on tariffs just like he did with the TikTok ban. Otherwise, tariffs will no doubt affect the pricing of 2026 smartwatches.

Hand Orellana also cautioned against panic buying: “I know a lot of people who are stocking up on products right now because of tariffs, and I can’t help feeling that this doomsday-style planning is just going to leave me with a pile of stuff,” she says.

Headphones and earbuds

If you’re in the market for a new set of headphones or earbuds, CNET executive editor David Carnoy says pricing will likely remain the same for existing inventory already in stores.

“But as inventory is depleted, prices could rise if the tariffs remain in place. And all bets are off for new products coming to market,” Carnoy says.

Current products should remain stable, but we could be in for “sticker shock” with new product releases from big names later this year. Carnoy has already seen Edifier increase its price of the NeoBuds Planar; they were initially set to be launched at $200, but when they hit the market on March 11, they were adjusted to $300 due to an increase in tariffs.

“As Edifier did, companies will bake in the price increase at launch. We were seeing $10 to $20 inflationary price increases on more premium next-gen earbuds and headphones even before the tariffs. We could see $40 to $50 price increases now with new products,” Carnoy warns.

TVs

Now is a good time to shop for a 2024 model if you’re looking for a new TV, according to CNET senior director of content David Katzmaier. TVs from last year are currently at their lowest prices as retailers clear out inventory for new stock.

“New 2025 TVs are hitting store shelves and online retailers this spring, but their prices will remain high until the fall and the holiday season,” he says.

But if you don’t need a new TV right now, Katzmaier advises against buying until you do need one.

“TVs last a long time,” he says. “Yes, tariffs could push prices higher on new TVs, but whether they’ll affect TV prices around sales times — think Black Friday and later in November and December — is an open question.”

Gaming consoles

High-end consoles

The question is whether retailers will instantly begin raising prices, or whether new pricing would only apply to inventory that’s imported from now on, CNET senior editor and gaming writer David Lumb says. He advises buying before the next restock in the next few days or the next week or two, just to make absolutely sure, if a purchase is something you’ve already budgeted for.

“If you really want a console already on the market, my instinct is to buy before the next restock to make absolutely sure — whether that means in the next few days or the next week or two,” Lumb advises. “Companies are reeling now, but still selling.”

The Nintendo Switch 2, introduced this week, is also likely to be affected. It won’t be available until June 5, but already US preorders of the Switch 2 have been delayed due to the tariffs. Preorders of the Switch 2 were supposed to begin on April 9, with a starting price of $450. It’s not yet known whether the pricing will increase, or what date preorders will begin.

“If people want a console currently on the market, like the PS5 or Xbox Series X, it might be smart to buy now,” Lumb says. “Even if retailers don’t need to raise prices, they might anyway out of uncertainty, panic or greed.”

Gaming PCs

Like laptops and phones, the biggest worry is over the internal components of gaming PCs. “These will almost surely get hit with tariff-related increases — especially since many are made by smaller companies than Nintendo, Sony or Microsoft that can absorb some or all of these tariff increases (if they want),” Lumb says.

Several factors have already made GPUs a high-cost component, and this will likely only worsen with tariffs.

“GPUs have seen skyrocketing prices in the last 6 to 8 years due to successive event trends that caused scarcity — namely the crypto mining craze and pandemic-related supply chain issues, during which the world’s biggest GPU maker, Nvidia, steadily raised its prices,” Lumb explains. That, combined with its central role in the gen AI boom, caused stocks to skyrocket and Nvidia to become one of the richest companies in the world, he says. “So they won’t blink at raising GPU prices even more.”

AMD told CNET that while semiconductors are exempt from the new tariffs, it is “assessing the details and any impacts on our broader customer and partner ecosystem.”

Handheld consoles

As for handheld gaming consoles, like the Steam Deck, Lenovo Go S and the other smaller PC-on-the-go handhelds, Lumb predicts tariff pricing increases will kick in pretty quickly as these devices “don’t have the institutional resistance to keep prices low.”

“If you’re thinking about a handheld, it’s probably better to buy one now,” he advises.

So the gamers who are most advised to “buy now” are those buying PCs or handheld gaming devices.

Computers

Laptops and PCs

The tariffs are going to require buyers to be smart shoppers, hunting for bargains.

“I’ve already seen prices increase on laptops since the threat of tariffs were known,” says Matthew Elliott, CNET senior editor for laptops and computers. “But most vendors and online retailers offer rotating sales, so you can still find a good deal if you have the time and patience to monitor pricing, and time your purchase for when a discount hits the model you want.”

Tariffs have already affected laptop pricing. Acer CEO Jason Chen said in February that the company would raise its prices by 10% in anticipation. “We will have to adjust the end user price to reflect the tariff,” the CEO of the Taiwan-based company said. “We think 10 (percent) probably will be the default price increase because of the import tax. It’s very straightforward.”

Even if computer companies want to shift and obtain their parts from the US, it’s not likely to be practical.

“All computers and peripherals are likely to be touched by these global tariffs in some way,” says Josh Goldman, CNET managing editor for computers. “While there are companies big and small that assemble PCs in the US and there are US component makers, it’s unlikely all parts can currently be sourced from US manufacturers.”

His advice is to get that computer soon if you need one, but — as Elliott notes above — look for sales and deals, like the upcoming Memorial Day sales.

“I wouldn’t wait to see if prices go up and out of financial reach,” Goldman recommends. “That said, spring is typically filled with sales on tech for Memorial Day weekend, dads and grads and then back-to-school. Discounts might not be as deep as in the past, but if you keep an eye on a model you want, you should be able to minimize the impact of the tariffs on your purchase.”

One tiny bit of good news is that you may not have to worry about the pricing of used and refurbished tech devices and laptops. They could be a good way to save money and keep tech out of landfill.

But don’t get too excited: “If the tariffs do drastically increase the prices on new computers for an extended time, it’s possible even the prices on refurbished devices will go up with demand,” Goldman warns.

Home tech

Now is also a good time to buy smart home tech like higher-end security cameras, video doorbells, smart thermostats and smart displays, according to the advice of Tyler Lacoma, CNET smart home and home security editor. Especially if you’re eyeing home devices in the over-$200 price point.

“The impact of tariffs will be most noticeable among smart home technology that already has higher prices,” Lacoma says.

But don’t expect to find a secret cache of smart-home products that will go untouched by the tariffs.

“Home tech devices are a combination of computer chips, electronic components and many different frame materials,” he says. “I doubt there is any device that will be unaffected by the latest tariff news.”

Cameras

If you’ve got a camera on your wish list, you shouldn’t wait to buy it, says CNET senior writer Jeff Carlson — who’s written numerous books about photography and who co-hosts the PhotoActive.co podcast.

“I hate to inspire panic-buying, but I’d say if you’re already planning on buying a camera now but wanted to wait until the next revision rolls around, it’s possible that waiting will cost you more,” Carlson warns.

A lot of camera equipment comes from Japan, and as recently as a week ago, some photography experts were hoping that country wouldn’t be affected by the tariffs. But Carlson still found himself in an exceptionally crowded camera store recently, as buyers worried that any electronics from Asia might jump in price.

“And now we know that Japan is included, so they were right to come in,” Carlson notes.

Electric vehicles and other cars

Most Americans can’t rush out and stock up on SUVs just because of the new tariffs, even though car prices will almost certainly go up. But you might not realize that vehicles aren’t the only automotive item that will be affected — things like dashboard cameras and EV chargers for your home could also become more expensive.

“The tariffs will also likely affect automotive parts and accessories, so if you’re on the fence about picking up a dash cam, portable jump starter or extra EV charger, now might be a good time to pull the trigger,” says Antuan Goodwin, CNET writer and automotive and EVs expert.

The tariffs aren’t good news for car junkies, Goodwin notes.

“Many of the tariffs are laser-targeted at the automotive industry, so there’s not much that won’t be affected,” he says. “From the vehicles themselves to the parts they’re made of, consumers should expect that everything automotive, even for domestic makes, will get more expensive.”

The tariffs could also mean more expensive repairs and replacement parts for the cars we already own.

Technologies

Where to find some of the highest CD rates heading into September

With the Federal Reserve’s September meeting approaching, several banks continue offering competitive CD yields as inflation remains stubborn. Savers can still find attractive rates on certificates of deposit, though they should be mindful of timing and liquidity needs.

August has been a solid month for stocks, but investors hoping to stash some cash in the fall can still be paid well for using certificates of deposit. Savers are keeping an eye on the Federal Reserve as its Sept. 15-16 meeting approaches. Fed funds futures trading suggests a roughly 65% likelihood the central bank will raise its benchmark lending a quarter percentage point, to a range of 3.75% to 4%. Speaking in Jackson Hole, Wyoming late last week, Fed Chairman Kevin Warsh highlighted his worries about stubborn inflation . He noted that “while this summer’s [inflation] readings were better than expected, they do not tell me that underlying trends have meaningfully improved.” Indeed, the July reading of the personal consumption expenditures price index rose at an annual rate of 3.7%, topping the Dow Jones consensus by 0.1 percentage point, and far above the central bank’s 2% inflation target. While higher rates are unwelcome for borrowers, they’re a great development for savers who can capture higher yields on products such as certificates of deposit. Several banks, for example, continue to aggressively price their CDs and offer attractive yields as they compete for deposits. Latest increase Just last week, Sallie Mae lifted the annual percentage yield on its one-year CD by five basis points to 4.2%. The increase lifts Sallie Mae’s one-year CD rate some 25 basis points above the peer median APY of 3.95%, according to Vincent Caintic, analyst at BTIG. One basis point equals 1/100th of a percent, or 0.01%. Other financial services firms also continue to offer compelling rates on their one-year CDs. Popular Direct pays an APY of 4.25% on its 12-month CD, as of Monday afternoon, while CIBC touts a 4.15% yield. Savers can also find attractive rates if they’re willing to look outside the 12-month term. Synchrony Financial offers a 4.3% APY for a 16-month CD, while Marcus by Goldman Sachs has a similar rate on its 18-month instrument. Happen Bank has an 11-month CD with a 4.2% APY. If you’re thinking of getting into a CD, be sure to weigh your time horizon and liquidity needs. “Breaking” a CD before maturity carries a penalty of forfeited interest. Savers should also be aware of when their CD is about to expire, as their banks may automatically put them into a renewal CD at a lower rate.

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Technologies

Kalshi permanently bans former GOP Rep. George Santos over illegal trading

Former GOP Rep. George Santos, of New York, has drawn fire for allegedly trading on whether he would attend this year’s State of the Union address.

The prediction market platform Kalshi announced on Monday it has permanently banned former Republican Rep. George Santos and fined him $71,356 for allegedly using the app to trade on his own attendance at this year’s State of the Union address.

It’s the first ban of its kind on the platform, the company confirmed on Monday.

In the weeks leading up to President Donald Trump’s speech in February, Santos, who represented New York’s 3rd Congressional District from January 2023 until his expulsion from Congress later that same year, allegedly made more than $17,000 by betting on whether he would attend.

In the weeks leading up to the event, Santos “began making a series of public statements regarding his attendance at the event in an attempt to influence the price of Yes and No contracts, respectively. Some of these included false or misleading statements,” according to a Kalshi announcement of the disciplinary action, released Monday. Those actions violated the company’s rules on trading on non-public information, Kalshi said.

In one X post from days before Trump’s address, Santos said: “I’m going to be there for the State of Union in the gallery, guys.” On the day of the State of the Union, Santos posted he was watching from the airport.

Santos shot back at Kalshi on Monday in a post to X.

“Hey @Kalshi thanks for the lifetime ban from your gambling platform. Let’s see how much longer you guys are around for,” the former lawmaker wrote, ending the post with a “kiss mark” emoji.

Kalshi’s disciplinary action is not the first time Santos has drawn fire for the incident.

After Kalshi detected his trades and referred him to federal investigators, the Commodity Futures Trading Commission in July ordered Santos to pay $35,000 for trading on State of the Union attendance. The federal regulator also banned Santos from trading for three years. Santos at the time shared a statement from his lawyer saying he had settled without admitting to any of the CFTC’s findings.

In June, amid the federal investigation, Polymarket, a rival prediction market platform, ended its paid relationship with Santos, who had been working as an online influencer for the company.

Before Santos was sworn into office in 2023, doubts about his biography had emerged. His time in Congress was punctuated by a House Ethics Committee investigation that found “substantial evidence of wrongdoing.” He became the first member of the House to be expelled in more than 20 years.

Santos had also been sentenced to 87 months in prison for wire fraud and aggravated identity theft, though President Donald Trump commuted his sentence last fall.

Kalshi also announced settlements on Monday with three political candidates who traded on contracts related to their candidacies: a governor candidate in California, another gubernatorial hopeful in Maine, and a congressional candidate in North Carolina. All have to pay penalties and are banned from Kalshi for three years, but the company said all three complied with the investigations, unlike Santos.

While the candidates for California and Maine governor lost their races, Laurie Buckhout is the Republican nominee for the battleground North Carolina 1st Congressional District, where she faces Democratic incumbent Rep. Don Davis. Buckhout will have to pay a penalty of just under $2,600 for her trades.

“I bet on myself. Literally,” Buckhout said in a statement. “It was a dumb mistake, and as soon as I learned there was an issue, I worked to make it right. Safe to say my career as a Kalshi trader was short-lived.”

— CNBC’s Davis Giangiulio contributed reporting

Disclosure: CNBC and Kalshi have a commercial relationship that includes customer acquisition and a minority investment.

Technologies

Tehran urges return to June deal, oil prices rise as Trump vows to hit Iran ‘hard’

Iran launched an attack on two American bases in Jordan on Monday in retaliation for the U.S. attack on its Larak Island.

Oil prices extended gains Tuesday as traders mulled the threat of escalation, following the resumption of U.S.-Iran military strikes and more turmoil in the Strait of Hormuz.

A tanker was struck by three unknown projectiles while transiting Hormuz on Monday, according to an incident report from the the U.K. Maritime Trade Operations Centre.

Brent

The tanker was sailing in the southern shipping lane close to the Omani coast, the UKMTO said, adding that no casualties were reported.

Iran launched an attack on two American bases in Jordan on Monday in retaliation for the U.S. strike on its Larak Island. American forces targeted two Iranian rocket launchers on Larak Island on Sunday, reportedly killing three, saying that Tehran intended to launch rockets carrying sea mines into the Hormuz Strait.

The small island, located in the strait, has been a critical military and shipping control point for Iranian forces, helping them keep a firm grip on vessel traffic through one of the world’s most critical maritime routes.

Iranian President Masoud Pezeshkian told the Shanghai Cooperation Organisation Summit on Tuesday that Tehran would immediately reciprocate if Washington agreed to return to its commitments under the interim deal signed in June, according to the Iranian Student News Agency.

The back-and-forth hostilities marked the first time that the U.S. and Iran traded strikes in over a month.

While neither side appeared to be seeking a return to full-scale war, both signaled they were prepared to respond to further attacks. “We are going to hit them hard,” President Donald Trump told Fox News on Monday, saying that “there will be a response” to Iran’s attacks on U.S. military bases in the region.

Analysts largely view the U.S. strike on Larak Island as an attempt to break a deadlock rather than a shift in strategy. “By hitting the launchers rather than broader Iranian military infrastructure, the U.S. appears to be punishing a specific behaviour rather than, at least for now, broadening its war aims,” said Ali Vaez, deputy program director at International Crisis Group.

“It is enforcing the blockade,” said Jason Brodsky, policy director of United Against Nuclear Iran, adding that the Trump administration’s goal was to further degrade Tehran’s capabilities to mine the Strait of Hormuz, while focusing on economic coercive measures as the midterm elections approach.

Washington has ramped up pressure to squeeze Iran’s already-torn economy with “secondary sanctions” that punish nations and businesses buying Iranian crude oil. U.S. Treasury Secretary Scott Bessent said Monday, on the sidelines of the Group of 20 finance ministers gathering, that Iran was “lashing out kinetically” because the new sanctions were taking a toll on its economy.

Speaking from the Oval Office on Monday, Trump reportedly said Iran’s financial systems, armed forces, and governing body have been largely degraded. “It doesn’t mean we won’t smack them to see what happens,” the president said.

The war, now stretching into its seventh month, has disrupted global energy supplies and sent shock waves through global financial markets.

“This is fundamentally an endurance contest,” said Brodsky, as Trump has demonstrated an “unpredictability” that should concern the Iranians, and Tehran may lash out more aggressively militarily as the economic pressure mounts.