Tariff-proof tech? Back Market’s refurbished devices keep prices down
A refurbished laptop, tablet, and Nintendo Switch at Back Market’s NYC lab. Radhika Rajkumar/ZDNETPresident Donald Trump and his administration’s indecision over implementing tariffs has caused stock market turmoil, panic buying, and price increases across the tech market. While some companies appear to have caught a break from the White House for tariffs on consumer electronics, this situation won’t last forever. Could secondhand tech be a solution to exorbitant prices?Last week, refurbished electronics marketplace Back Market announced a partnership with device repair provider iFixit “to address the culture of fast tech and overconsumption,” the companies said in a press release. iFixit DIY maintenance kits and tutorials will be available on Back Market, which will, in turn, promote its refurbished tech within iFixit communities. Also: Samsung now sells refurbished Galaxy S24 Ultra, S24+, and S24 at discounted pricesI spoke with CEO and co-founder Thibaud Hug de Larauze during the partnership launch event at Back Market’s offices in New York. He noted that while the initiative isn’t tied to the economics of the moment — Back Market has been in operation for 10 years, eight in the US — the company has seen a recent uptick in demand for refurbished tech amidst the tariff turmoil.”What we’ve seen over the past 10 days is a hike in demand — we saw growth multiply by three,” he said.With fears like the possibility of a $2,300 iPhone circulating, discounted, repaired tech looks all the more appealing. Moreover, US customers buying from Back Market receive products already in the country, repaired by US-based refurbishers — meaning the entire process is domestic. There’s no risk of running into unpredictable international trade conditions. More