INTERNATIONAL - Dell Technologies Inc, HP Inc, Microsoft Corp and Intel Corp on Wednesday opposed US President Donald Trump’s proposal to include laptop computers and tablets among the Chinese goods targeted for tariffs.
Dell, HP and Microsoft, which together account for 52% of the notebooks and detachable tablets sold in the United States, said the proposed tariffs would increase the cost of laptops in the country.
The move would hurt consumers and the industry, and would not address the Chinese trade practices that the Trump administration’s office of the U.S. Trade Representative (USTR) seeks to remedy, the four companies said in a joint statement posted online.
Implementing the proposed tariffs would increase US prices for laptops and tablets by at least 19 percent, or around $120 for the average retail price of a laptop, the companies said, citing a recent study by the Consumer Technology Association.
“A price increase of that magnitude may even put laptop devices entirely out of reach for our most cost-conscious consumers,” the companies said, noting that the price hikes would occur during peak holiday and back-to-school seasons.