Will US import tariffs impact technology upgrades in 2025?

As the year 2025 unfolds, businesses will face a significant hurdle in their efforts to upgrade the technologies they rely on. The impact of import tariffs in the United States, with rises of 10-25% on goods entering the country, depending on where they come from, is poised to reshape the landscape of technology acquisitions and support for those already in the ground. It won’t be long before other similar tariffs start to ripple across the global import and export markets.

The implementation of import tariffs is expected to drive up the costs associated with purchasing technologies – and their associated parts. Many businesses are already building in price rises to protect their forecasts for 2025. With many devices manufactured, or carrying compontents made in different parts of the world,  the increase in prices could potentially strain the budgets of businesses who had started many months ago to look to modernize their infrastructure and enhance customer service through advanced technology.

Furthermore, the impact of import tariffs on critical service equipment purchases extends beyond financial considerations. Businesses may start to delay decisions to upgrade their technology infrastructure, leading to potential disruptions in service delivery and customer satisfaction.

In response to these challenges, Cennox has proactively been working with customers to explore strategies to mitigate the effects of import tariffs, from  sourcing equipment from domestic suppliers and exploring partnerships with technology providers to develop cost-effective solutions tailored to their specific needs. A price freeze on all in-stock products and parts has also signalled our position to protect our customers interest.

For those customers looking to hold on to their current technologies, our Preventative Maintenance services has seen an increase in interest as clients move to protect their current assets with regular servicing  to prevant downtime and loss of business.

Despite the challenges posed by rising import tariffs, many of the customers we are working with remain committed to leveraging technology to enhance their services and drive growth in their businesses.