Plugable Technologies, a top global brand for USB products and docking stations, has been affected by the new US tariffs this week. The company was able to absorb the 10% tariff increase for about half of its line of products. The remaining products are seeing an average 5% price increase to compensate for the additional tax.
If the tariff rate increases to 25% as planned on January 1st, there will be another corresponding rise at that time.
Today, most consumer electronics are manufactured in China. However, all of Plugable’s full-time employees, including designers and support engineers, work in Redmond, WA. Founder and CEO of Plugable Technologies, Bernie Thompson states, “10% or 25% tax shifts are greater than the profit margins for most electronics, increase compliance risk, and effectively determine market winners. Unpredictability of tariff rates impacts smaller businesses disproportionately, in addition to raising prices for consumers.”
Learn more about the new tariff’s effects on electronics prices.
Plugable Technologies was founded in 2009 and has a line of over 120 USB products, sold globally in the USA, Canada, Europe, and Japan. Plugable offers market-leading laptop docking stations for legacy USB, USB-C, and Thunderbolt 3 technologies.