The U.S. government's decision to impose tariffs on imported Chinese goods could have a significant impact on technology purchase decisions for Buffalo companies. No matter what line of business you're in, you are likely to be affected by the tariff policy the next time you need to purchase new hardware.
The short answer is that companies needing business computer help in Buffalo may want to consider making purchases now to avoid what's anticipated to be higher costs soon.
Will the Chinese Tariffs Affect My Business?
Chinese tariffs will have a far-reaching impact on the costs of a range of consumer and business goods. The trade war is affecting both goods manufactured by companies based in China along with goods outsourced by American companies to Chinese production facilities,
The new regulations took effect in August 2018 and impose a 25 percent tariff on a broad group of goods and services. Including in that group are components and hardware that make up the core parts of PCs and servers: electronic integrated circuits: processors and controllers, electronic integrated circuits: memories, electronic integrated circuits: amplifiers, and electronic integrated circuits: other.
While many suppliers are still working through existing stockpiles of materials, there are signs that the tariff costs are beginning to be passed on to U.S. customers.
What Components Are Affected Already?
Memory circuits and hard drives are among the computer components that are already affected by tariff pass-throughs on the part of computer distributors. Like with many other goods affected by the tariff regulations, these price increases of 10 percent to 25 percent are already surfacing.
What Components Are Going to Be Affected Later?
Nearly every other computer component is going to affected soon by the Chinese tariffs. That means basic units and parts, such as personal computers, laptops, servers, routers, and firewalls will also see price hikes in the near future.
What Should I Do to Save Money?
If you're looking to upgrade your IT stack, are anticipating the increased need for PCs, or will need additional capacity to store data and applications, it's probably smart to make those investments now. As stocks are depleted, distributors in coming months will be facing increased prices to replenish supplies.
How Can I Determine What I Will Need for Computing?
Buffalo Computer Help provides comprehensive consulting and IT services Buffalo companies need to save money and improve operations. That means working with our customers to understand their business needs and provide them with advice on how to configure and protect IT systems, improve efficiency, and deliver better financial results. To learn more about how Buffalo Computer Help can assist with strategic IT purchasing and configuration, contact us today.