Tomorrow is the first day of a new month. Many look forward to September because the oppressive summer heat is dialed down and Autumn begins. The baseball playoff chase gets more exciting and the NFL kicks off a new season. But this year, something new takes place starting tomorrow, September 1st. 15% tariffs will take effect on $300 billion worth of Chinese goods imported into the U.S. To be clear, tariffs are merely an import tax that U.S. companies pay. These firms can absorb the additional cost of the tax, lowering profit margins and sending stock prices plummeting. Or, these companies can pass along all or some of the tax to consumers in the form of higher prices which can also damage the economy.

If Apple decides to eat the cost of the tax, the retail prices of the company’s devices will stay the same

Starting tomorrow, two of Apple’s most popular products, the Apple Watch, and the AirPods, will be subject to the 15% import tax along with the company’s headphones and other products. Apple could decide to eat the extra cost, which it already does for certain iPhone and iPad cases, and consumers won’t notice any changes as far as pricing is concerned. But if Apple decides to share the pain with its customers, Americans will be digging a little deeper into their pockets to buy these products.