President Donald Trump’s tariffs are working to combat tech companies, or at least in this particular case.
Wyze, a company specializing in security equipment such as cameras, went on X on Wednesday to share examples that technology companies are currently experiencing. According to Wyze, a batch of floodlights has a much larger currency bill than the price tag: the purchase cost of $167,000 is $255,000. Wyze Tweet also claimed that the amount was more than any founder last year.
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For clarity, the goods are from China and currently all imports reach an astonishing 145% tariff. It happens to be a lot of Production of technical products. In a follow-up tweet, the company suggested it would quickly move to Vietnam, which is under a 90-day pause in tariffs.
Does this mean that Wyze products will rise due to tariffs, the total gain here is that imports from China are now very expensive. Given that there are a lot of products produced in China, this will be problematic over time. We already know all of this, but seeing the actual numbers shared by corporate social media managers shows that we do live in strange times.
