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The Consumer Technology Association (CTA) estimates that fully manufacturing smartphones in the US would raise costs by 152%, with laptops up 93% and smartwatches 97%, arguing that Trump's push for 100% US-made tech is economically impractical given tariffs, consumer price increases, and supply chain realities.
This is a morning market express covering multiple financial and technology news, including China opening its first Arctic freight route, Trump reducing US-South Korea joint military exercises, NATO downing a suspected drone, and adjustments to Nvidia and OpenAI's data center plans.
Flexport has updated its Tariff Simulator to reflect new tariffs on Chinese drones, comparing rates before and after September 3rd.