As the trade war in China and the USA continues, the countries, companies in the countries and the individuals are counting losses and gains. This is considering that the war has both positive and negative effects on both countries. At the end of the day, the country that benefits the most will be based on the countries that have had more positive effects than negative effects. This, however, does not mean that every organization or individual in the supposedly winning country will benefit positively. Companies in America and the people are going to be the worst hit from the war like the proverbial grass that suffers the most when 2 elephants fight. This article will highlight how the American people are at a disadvantage because of the trade ban prohibiting the import of cheap tech products.
Paying more for a product
There are many tech products in the world today with some of the most common in homes including electronics, smartphones, laptops and music players among several others. A major power that a customer has is the ability to choose the brand they want to buy. Their choice is often based on various factors. The factors include the quality of the product, the price of the product as well as the country where the product was manufactured among others. Most customers often look for a balance of price and quality most when they are buying a product. The implication is that they go for the product with the highest quality based on what they can afford. The implication is that a lot of them end up buying tech products from China that have quality and at the same time very affordable, especially when their prices are compared with the price of American products and European products. However, with the trade war, the price of the products will also increase as well. They will thus, be forced to pay higher for the same product they have not been paying too much for in the past. However, they could patronize wholesale store where the price will be cheaper, also making the final price with the tax cheaper. It is possible to read DHgate reviews, then visit their online store to make an order.
More loans
Since they will either have to pay more for China products or stick to American and European products that are generally more expensive, it means they will have to spend more to buy whatever product they need. As a result, if the tech products are very important to them and they can’t afford the new price of the China products after the tax is added, they might be forced to take loans. Taking loans often comes with its own effects on individuals including the need to work harder to make up for paying the loan and its interest (this could lead to breaking down) or some others might decide to go into crime to raise money to avoid the loan or pay back the loan on time (this would put other citizens at risk).
Sacrificing some gadgets they would have been able to afford
Some might love the gadgets, might have been able to afford the cheaper Chinese products but cannot afford the new prices or the American alternatives. Since they might also not want to take a loan or commit crimes, they might be forced to cope without the products until they can raise enough money to afford it. For some others, the price increase is enough reason for them not to ever consider buying the product anytime soon, since the initial cheaper price was the highest they could ever consider paying for such a tech product. Thus, they might have been forced to suspend or eliminate their plans of building a smart home. In this case, they will be losing the benefits of living in a smart home all because of a trade ban on Chinese products.
