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How the Tariff Threats Could Impact Smartwatches
Capital Markets, Lifestyle, FinTech
President Donald Trump recently announced plans to impose tariffs on $200 billion in goods imported from China. The decision could affect products from Fitbit, Inc (NYSE: FIT), as well as other smartwatch manufacturers.
The tariffs could have direct ramifications on certain popular products in the U.S.
U.S. Customs and Border Protection considers Fitbit products to be “data transmission machines” that will likely face 10-percent tariffs with the approved proposal, considering they are primarily manufactured in China, according to Reuters.
Wedbush analyst Alicia Reese weighed in on the potential impact on the tech products.
If the tariffs are …