US preparing new round of tariffs if talks with China fail - report

News General Global 30 OKT 2018
US preparing new round of tariffs if talks with China fail - report
The US could impose tariffs on all Chinese imports that are still not taxed, Bloomberg reported, with sources saying preparations are underway in case talks between US president Donald Trump and Chinese premier Xi Jinping, scheduled for next month, fail to yield progress on the ongoing trade war. The new tariffs could go into effect from early December and cover about USD 257 billion worth of imports. They would be on top of the USD 250 billion already imposed. The sources stressed however that the new tariffs have not yet been finalised. 

 

Many hardware-producing tech companies have so far managed to avoid the worst of the trade dispute. Apple can still, for example, sell its AirPods, HomePod and Apple Watch, the Verge noted, adding that these products escaped the September round of tariffs. 

If new taxes do come, their timing would coincide with the Lunar New Year holiday celebrated in February, a time for sales and promotions in China.

Categories:

General

Companies:

Apple

Regions:

Global

Countries:

China,  United States

Tags:

Enterprise equipment, Consumer devices, Network equipment, Handsets, Government policy

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