Trump’s China tariffs would increase average laptop price by $120, report A new report claims that the Trump administration’s latest tariff proposal on goods imported from China could raise prices on new laptops by 17 percent in the US. Read more: https://zd.net/2RGROoE The Trump administration has laid out plans to split the introduction of tariffs on $300 billion worth of Chinese imports that were previously flagged by the Unites States President earlier this month. The tariffs were set to be introduced on September 1, however, the United States Trade Representative (USTR) divided the introduction into two parts on Tuesday. Products set to be hit with tariffs in December include cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing, the USTR said. Without explicitly naming them, the USTR said certain products were removed from the tariff list due to “health, safety, national security and other factors”. The products that will see US consumers pay an extra 10% range from “machines for the reception, conversion and transmission or regeneration of voice, images or other data” to “live purebred breeding horses” and “live asses”. See also: US-China tariffs hit Taiwanese tech industry In May, the US introduced a 25% tariff on $250 billion worth of Chinese products. The process of putting tariffs in place kicked off in March last year, with Trump stating at the time that an investigation by US Trade Representative Robert Lighthizer had concluded China was using foreign ownership restrictions to… [Read full story]
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