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Buying a new phone? Why you shouldn’t panic about tariff price hikes

News Snapshot:

First, the bad news: Your next smartphone might be more expensive because of President Donald Trump’s recently imposed 10% tariff on Chinese imports. But here’s the silver lining: It may be a while before smartphone prices start to rise – and those higher costs might not sting as much as expected. There’s a good chance the phone you want to buy is already in the United States, whether it’s a new device sitting in a warehouse or a secondhand phone. And promotional discounts can mean new phones sometimes don’t result in higher price tags. In addition, Americans tend to purchase…

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