TV viewers in U.S. may pay more due to proposed tariffs

Updated 2018-05-03 14:13:20 China Daily

The average person in the United States watches more than four hours of TV a day, or two months of nonstop watching per year.

And in a 65-year life, that person will have spent nine years glued to the tube, according to AC Nielsen Co.

If US President Donald Trump's proposed tariffs of 25 percent against China go into effect, watching a new high-definition, flat-panel screen could cost more.

How much more? There's no consensus on a figure, just that it will be higher.

If the full cost of the tariffs is passed on to consumers, a new television would be about 0 more, said Paul Gagnon, an analyst with data firm IHS Markit.

"On a ,000 TV ... the tariffs might have a several hundred-dollar price impact," said David French, senior vice-president for government relations at the National Retail Federation, an advocacy group.

The levy could mean higher prices by 4 percent overall and 23 percent for TVs from China, according to a report commissioned by the Consumer Technology Association and another association.

TVs and related components are among the more than 1,300 products from China, valued at billion, which would be subject to the 25 percent tariff announced by the Trump administration.

Last year, of the 41.5 million TVs exported to the US, about 47 percent were imported from China, according to Bob O'Brien, president of Display Supply Chain Consultants, a market research firm.

He said the value of TVs imported from China last year totaled about billion, which would be subject to Trump's tariff. So TV makers who export their products from China to the US would have to pay billion.

Gary Shapiro, chief executive of the CTA, told The Wall Street Journal that the tariffs could affect this year's holiday shopping season because retailers are now starting to plan their orders for the end-of-year rush. "The uncertainty level is extraordinarily high," Shapiro said.

"There's potential this could be a major hit to the pocketbooks of Americans, based on what we're seeing right now," said Jack Cutts, senior director of business research at the CTA.

China exported around 80 million TVs globally last year, with nearly 30 percent, or 23 million, shipped to the US, according to the Beijing-based market researcher Sigmaintell Consulting. That represented .9 billion worth of televisions.

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