Rolling coverage of the latest economic and financial news.
- US president Donald Trump could impose tariffs on another $267bn of Chinese goods
- Tech product such as iPhones could be hit
- Trump: Could raise existing tariffs from 10% to 25%
America’s technology industry has hit out at Trump’s threat to impose steeper tariffs on goods from China, such as iPhones.
“Despite the pain Americans have felt in communities across the United States as a result of tariffs, the president has signalled he wants to continue this short-sighted trade war.
Imposing a new round of tariffs would cause a shock that will reverberate across America and the globe. It would further threaten global supply chains, leading to higher prices for the electronic devices people rely on every day and even the loss of American jobs.
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“If we don’t make a deal, then I’m going to put the $267 billion additional on.”
China has to open up their country to competition from the United States.”
“I can make it [the tariff] 10 per cent, and people could stand that very easily.”
Donald Trump | The Guardian
1. Trump from Michael_Novakhov (198 sites)