Skip to content
Subscriber Only

$1 Billion a Month: The Cost of Trump's Tariffs on Technology

computer board circuit
Photographer: Simon Dawson/Bloomberg
Updated on

U.S. companies paid $1 billion more in tariffs on technology products imported from China in October than a year earlier, as new duties imposed by the Trump administration took effect.

The tariff costs rose more than seven-fold to $1.3 billion, as the world’s two biggest economies became embroiled in a trade war, according to data provided by the Consumer Technology Association and analyzed by consulting firm The Trade Partnership.